US announces withdrawal from TPP

WASHINGTON -- The administration of new US President Donald Trump said Friday the country would withdraw from a sweeping Pacific free trade pact.

"With tough and fair agreements, international trade can be used to grow our economy, return millions of jobs to America's shores, and revitalize our nation's suffering communities," the White House said.

"This strategy starts by withdrawing from the Trans-Pacific Partnership and making certain that any new trade deals are in the interests of American workers," it said. (PNA/Kyodo)

Source: Philippines information agency

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