Former President Donald Trump said over the weekend that he will withdraw the United States from the Pacific trade deal currently being advanced by President Joe Biden.
Trump made the comments at a campaign event in Fort Dodge, Iowa, on Saturday evening, as Biden returned from unveiling the trade agreement at the Asia-Pacific Economic Cooperation summit in California. The former president told supporters that the new deal, which is still being worked out, would cause U.S. manufacturing jobs to be shipped overseas.
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“Under the next administration… the Biden plan for ‘TPP Two’ will be dead on day one,” Trump said, describing Biden’s Indo-Pacific Economic Framework for Prosperity as a new version of the Trans-Pacific Partnership, which the former president pulled the U.S. out of in January 2017.
“It’s worse than the first one,” he said of the new deal. “Threatening to pulverize farmers and manufacturers with another massive globalist monstrosity designed to turbocharge outsourcing to Asia.”
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Talks on the IPEF kicked into overdrive this past week as Biden made the framework public while leaders from pan-Asian countries gathered in San Francisco. Still, there have been hiccups in the talks, such as Vietnam and Indonesia refusing to commit to certain environmental and labor standards.
On the electoral front, Biden has struggled in recent 2024 polls against Trump. While both candidates are plagued by low approval ratings, especially among independents, Trump has begun polling ahead of the incumbent, Biden, in some surveys.
