President Trump Washington, Jan. 23: President Trump formally abandoned the Trans-Pacific Partnership today, pulling away from Asia and scrapping his predecessor's most significant trade deal on his first full weekday in office, administration officials said. Trump sharply criticised the partnership agreement during last year's campaign, calling it a bad deal for American workers. The enormous trade deal became a flashpoint in American politics this year, inflaming a debate over international commerce and lost jobs. The withdrawal from the trade pact, he added, is a "great thing for the American worker". Aides signaled that Trump may also move quickly on renegotiating the North American Free Trade Agreement.

Source: The Telegraph January 23, 2017 21:27 UTC