Trump vows to kill Asia trade deal being pursued by Biden if elected
Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by US President Joe Biden if he were to win the 2024 election and return to the White House.
Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out US manufacturing and trigger job losses.
Talks on the trade sections of the Indo-Pacific Economic Framework, which is aimed at offering the region an alternative to China's growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.
Trump, who withdrew from the Trans-Pacific Partnership trade deal that had been forged with many of the same countries after taking office in January 2017, said he would "knock out" what he referred to as "TPP Two" immediately upon taking office.
"Under the next administration... the Biden plan for 'TPP Two' will be dead on day one," Trump said at a campaign event in Fort Dodge, about 94 miles (150 km) north of Des Moines.
"It's worse than the first one, threatening to pulverize farmers and manufacturers with another massive globalist monstrosity designed to turbocharge outsourcing to Asia."
The Biden administration had hoped to finish key chapters of its IPEF trade initiative in time for this week's Asia-Pacific Economic Cooperation meeting. It has vowed to continue negotiating the ambitious deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. (Reuters-Yonhap)
-
LG H&H sales up 294% in half year on Japan's Qoo10S. Korea's Navy holds regular multinational mine warfare drillsLIG Nex1 seals global defense ties at Seoul ADEX 2023[Herald Interview] Park YounCongresswoman redoubles calls for support to designate Nov. 22 as 'Kimchi Day''Teenage Mercenary’ leads Korean webtoon sensation in JapanSeoul shares end nearly 2% lower amid Middle East woes2023 Melon Music Awards to take place Dec. 2Citibank Korea hosts digital forum for corporate clientsLotte Cinema to screen NBA game
下一篇:Actors, musicians unite for Hakchon Theater's closing act
- ·Ideal spouse material? Above
- ·Cha Medical to hold global forum on next
- ·[Herald Interview] Park Youn
- ·Galleries vexed by outdated ban on taking older artwork out of country
- ·LG Display to cut jobs in cost
- ·Samsung Biologics expansion ahead of schedule
- ·'Teenage Mercenary’ leads Korean webtoon sensation in Japan
- ·Strengthening Vietnam
- ·Korean attorney elected as new ICC judge
- ·[Herald Interview] New Royal Salute makes grand debut to tap deeper into Korean whiskey market
- ·Hyundai Motor, Kia ranked in mid range of global eco
- ·Samsung Bioepis launches Soliris biosimilar in Europe
- ·‘Korea could go extinct without proper immigration policy’: minister
- ·[Today’s K
- ·[Today’s K
- ·한기호 "제주해군기지는 盧의 결실"…여‧야 모두 박수 보냈다
- ·Hero soldier may get honorary degree from university
- ·Seoul shares open sharply lower on US losses
- ·Seoul shares end nearly 2% lower amid Middle East woes
- ·한기호 "제주해군기지는 盧의 결실"…여‧야 모두 박수 보냈다
- ·Congresswoman redoubles calls for support to designate Nov. 22 as 'Kimchi Day'
- ·Star musicians add own touches to films as music directors
- ·북러 무기거래 현장 지목된 라진항…"컨테이너 더미 또 쌓였다"
- ·Japan preparing to bring back some 20 S. Koreans from Israel, along with its own nationals: reports
- ·[사진] 부산 깡통시장 간 윤 대통령과 기업 총수들
- ·윤 대통령 “저보고 소통 부족하다 지적하는 분 많아 반성”
- ·[Korea Beyond Korea] Korean Studies gaining traction at Complutense University of Madrid
- ·'이상민 탈당' 때린 민주 의원들 "국회의장 하려 동지 팔아"
- ·Kolmar BNH to ramp up production with new plant
- ·Itzy to drop new album, go on second world tour
- ·Rural development expert nominated as agriculture minister
- ·Hanwha inks $2.6b deal to ship more K9 howitzers to Poland
- ·Seoul City to operate autonomous night bus
- ·About half of top 500 firms remain undecided on 2024 investment plans: poll
- ·US deploys fighter jets in S. Korea for air exercise in Singapore
- ·Inaugural Korea Picture Book Award honors Kim Jung
- ·Half of young people struggling financially: Seoul
- ·김의겸 "김혜경 법카 유용 의혹, 그 정도 사안은 영장 못 쳐"
- ·[Today’s K
- ·尹 "참모들 앉아있지 말고 현장 가라…나도 민생 더 파고들 것"
- ·Four Korean drama series nominated for Critics Choice Awards
- ·尹 대통령 "국립대병원 중추로 육성" 의료인력 확충 필요성 강조
- ·북러 무기거래 현장 지목된 라진항…"컨테이너 더미 또 쌓였다"
- ·LG Energy Solution's new residential ESS to hit US market
- ·12일부터 4·10총선 예비후보자 등록 시작
- ·尹 대통령 "국립대병원 중추로 육성" 의료인력 확충 필요성 강조