The president’s latest trade war against China has been a boon for the United States, but for some Americans it’s been a drag.
The president announced on Tuesday that he would withdraw the United State from the Trans-Pacific Partnership, a trade pact he has long been opposed to.
His decision is in stark contrast to former President Barack Obama, who in 2012 pledged to renegotiate the pact, which he later abandoned.
“The U.S. will continue to pursue an open and fair and reciprocal relationship with China and will do so without preconditions,” Trump said in a tweet.
But it’s unclear whether he will actually renegotiate.
A Reuters analysis of more than 20 administration reports shows that the Trump administration has yet to negotiate a deal with China on the Trans Pacific Partnership.
Some analysts say Trump’s decision will likely push American workers out of the US as a whole and force other countries to lower their tariffs on imports.
For now, Trump is focused on a single trade deal, the North American Free Trade Agreement (NAFTA), which he signed in 2001.
Trump said he would scrap the deal if Congress does not ratify it before he leaves office, and his decision could force the rest of the world to do the same.
The trade deal has helped the U.A.E. become the largest exporter of American goods and services to China, with nearly 40 percent of all exports going to the country.
But critics say the deal has led to a loss of American jobs and forced American companies to shift production to China.
The Trans-Pecos Trade Agreement, signed by President George W. Bush in 2002, was designed to help the U,S.
economy and reduce tariffs.
The pact was signed in 1994, when the U’s trade deficit with China was about $15 billion.
In the last five years, China has added $5.5 trillion to the trade deficit, according to data from the Peterson Institute for International Economics.
In 2014, the U and China signed the North America Free Trade Agreements, which were designed to create a more favorable climate for U.,S., and Chinese companies to do business.
The Trump administration’s decision to withdraw from the trade deal will help Trump make good on his campaign promise to make Mexico pay for the wall he said would be built on the southern border.
Trump has made building a wall a top priority since taking office in January.
On Friday, he said the U would build a wall of some 3,000 miles (5,200 kilometers) from the border with Mexico.
Mexico, however, has said it would not pay for a wall.
Trump’s comments come as Mexico and its allies in Congress are pressuring the U to build a border wall, even though the wall is not required under the North Americans Free Trade Act.
On Monday, House Republicans voted to block the administration from implementing a $1.6 trillion spending bill that would provide funding for the construction of a border barrier.
The House is expected to vote on the spending bill later this week.