1 of 5 Full Screen Autoplay Close Skip Ad × What to know about the new U.S. trade agreement, the Trans-Pacific Partnership (TPP) View Photos The pact was negotiated over two years in secret by President Donald Trump.
Caption The pact, negotiated over the last two years, was signed by Trump in late July.
The United States, Japan and other Pacific Rim countries signed the agreement on July 1, a day before the U.N. General Assembly voted to approve it.
The pact is expected to increase U.K. exports by a third by 2019, but it will require other countries to join, as well.
Ahead of the signing, Trump told The New York Times that the agreement would help him negotiate a better trade deal with other countries, but that it would be “bad for the U, bad for the United States and bad for jobs.”
He did not specify when he would sign the agreement.
The deal has been criticized by many Republicans, Democrats and others who say it will help big companies like Ford, Boeing and General Motors by allowing them to pay lower wages and hire fewer workers.
(Reuters) The pact also faces legal challenges from workers who claim they are being fired because they don’t meet gender stereotypes.
But the TPP is expected eventually to be struck down by courts, and Trump said he is confident he will be able to get it passed in Congress.
“The American people will be pleased with it,” he said.
“I believe I will win.”
Trump also has promised to bring back the U: “I will bring back our jobs.
We’re going to win.”
And Trump’s trade adviser has said he expects to announce the agreement in the coming weeks.
But that hasn’t stopped the president from pushing back on the idea, telling The New Yorker magazine that “there’s no question that we’re going down the path of a lot of countries going down that path, because we’ve already got so many countries that are not paying their fair share.”
The White House did not respond to a request for comment.