McCain rips Trump for withdrawing from TPP
President Trump's decision to withdraw the U.S. from the Trans-Pacific Partnership trade deal is already drawing rebuke from his own Republican Party. Shortly after it was announced Monday that Trump had signed the executive order, Sen. John McCain (R-Ariz.) issued a statement calling Trump's move a "serious mistake."
McCain warned the decision to withdraw from the 12-nation deal would "have lasting consequences for America's economy and our strategic position in the Asia-Pacific region." "This decision will forfeit the opportunity to promote American exports, reduce trade barriers, open new markets, and protect American invention and innovation," McCain wrote, instead advocating for a "positive trade agenda" that will ensure American workers and companies stay "competitive" in the Asia-Pacific region.
Trump insisted Monday that withdrawing from the trade deal was "a great thing for the American worker" — and Sen. Bernie Sanders (I-Vt.) seemed to agree. In a statement Monday, the one-time Democratic presidential candidate and progressive leader lauded Trump's decision, noting that previous trade deals have "cost us millions of decent-paying jobs and caused a 'race to the bottom.'"
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
The Mint’s 250th anniversary coins face a whitewashing controversyThe Explainer The designs omitted several notable moments for civil rights and women’s rights
-
‘If regulators nix the rail merger, supply chain inefficiency will persist’Instant Opinion Opinion, comment and editorials of the day
-
Trump HHS slashes advised child vaccinationsSpeed Read In a widely condemned move, the CDC will now recommend that children get vaccinated against 11 communicable diseases, not 17
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting