23:27 GMT +322 November 2019
Listen Live
    Real estate developer Donald Trump speaks at the Freedom Summit in Greenville, South Carolina May 9, 2015

    Donald Trump Slams Obama Administration Over Trans-Pacific Partnership Deal

    © REUTERS / Chris Keane
    Business
    Get short URL
    1297
    Subscribe

    US business magnate and billionaire Donald Trump lashed out at the Obama administration over the Trans-Pacific Partnership (TPP) negotiated between 12 Pacific countries saying the deal will be a "disaster" for US businesses.

    MOSCOW (Sputnik) — The TPP is set to become the largest free trade deal, involving 12 countries from the Asia-Pacific region, including Australia, Japan, Mexico and Canada. The deal is expected to cover about 40 percent of the global economy.

    "The new trade deal is a disaster. They don't talk about currency manipulation. That's the tool all these countries are using to beat us," Trump said at the South Carolina Freedom Summit Saturday, as quoted by The Hill.

    Trump said he did not trust the potential success of TPP as most nations do not respect the United States.

    "Our leaders are incompetent. They're babies," Trump said.

    Passing the TPP deal would be an incentive for the US enterprises to send more of their products and jobs abroad, Trump added, according to The Hill.

    The deal has already received criticism, as some say it will hurt workers and only benefit large corporations. The negotiations for the deal all take place behind closed doors, which has also received condemnation from several US Senators, among others.

    Related:

    US, Japan Closing on TPP Free Trade Deal – Abe
    Do the TIPP and TPP Treaties Signal the Rise of the One World Government?
    TPP Free Trade Deal Undermines Internet Freedom - US Digital Rights Group
    Tags:
    business, economy, Trans-Pacific Partnership (TPP), Donald Trump, Asia-Pacific, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik