On Tuesday, President Donald Trump announced that he would sign a sweeping trade deal with 12 Pacific Rim countries in what would be the largest multilateral trade deal in history.
“This is going to be a great, great, big trade deal,” Trump said at a White House news conference.
“And we’re going to put it on the books.
This is a very good deal.”
A spokesman for President Joe Biden declined to comment on the trade agreement, saying the president had not spoken with Trump.
Trump’s decision to announce the trade deal without a formal announcement was met with skepticism from the media and other lawmakers.
On Wednesday, Trump will sign a separate bill with 13 Pacific Rim nations that includes tariffs on imports of certain imported items.
The legislation also includes an executive order that requires the U.S. Department of Commerce to develop a plan to help American manufacturers compete globally.
Trump will also announce a $4 billion increase in U.N. funds to support climate change mitigation.
“We are going to make it a lot easier to create jobs,” Trump told reporters at the White House on Tuesday.
“I’m not going to wait around to see what happens with trade, because you’re going have to get rid of trade.
You’re going start again.
You have to start again.”
He later said, “I just have to tell you this, you’re gonna have to make a trade deal.
You can’t wait until you get something done, because it’s going to cost you, because we’re not going do it right now.”
The new trade deal would have included tariffs on certain imports of goods from China, Japan, South Korea and Taiwan, and other countries that are highly dependent on China’s trade.
“The president is taking the right steps, but the trade agenda is not over,” Senate Majority Leader Mitch McConnell said in a statement.
“With the president’s signature, the president has finally fulfilled his campaign promise to take trade and jobs back to the American people.”
McConnell said the new trade agreement would not affect U.K. imports of Chinese products, but said the U,K.
would continue to import Chinese goods into the U’s markets if the president signs it.
On Tuesday afternoon, the Trump administration released a new statement to make clear the trade agreements would not take effect until the president signed the bill.
“As we announced last week, the President’s plan to bring back jobs and manufacturing to the United States of America is still a work in progress and we remain committed to bringing these important trade agreements to fruition,” White House press secretary Sean Spicer said in the statement.