Trump signs order to leave TPP, local law professor says it could have helped the U.S.
President Trump signed an executive order to take the U.S. out of the Trans Pacific Trade Agreement, or TPP, today.
He signed the executive action this morning, calling it "a bad deal for American workers."
It starts the withdrawal process from the proposed TPP, a partnership made up of 12 countries.
The deal was never approved by Congress under President Obama, so no immediate impacts will be seen on the U.S. economy.
The deal was negotiated by the United States at the end of 2015.
Combining those 12 countries, the partnership would have covered 40 percent of the world's economy.
Experts say President Obama negotiated this deal in an effort to protect our economic health and boost our economy.
Trump, on the other hand, has said throughout his campaign the deal was harmful to American workers and manufacturing.
This executive order puts Trump's campaign promises on trade in motion.
Today, White House Press Secretary Sean Spicer told the media this deal just doesn't make sense for the United States.
But, a local law professor we talked with says had they followed through, it could have helped.
"If there were tariff-free trades throughout the world it might be easier for countries that have cheaper manufacturing sites than the US to produce products there," said Michael Dimino, a law professor at Widener University. "On the other hand the American economy might suffer by withdrawing from this plan because it might make it more difficult for us to import products that could be manufactured in the United States."
Trump says moving forward they will instead negotiate "fair, bilateral trade deals" that bring jobs back on to American shores.