Donald Trump has announced plans to a withdraw the U.S. from the Trans Pacific Partnership (TPP) on his first day in office, by signing an executive order. The President-Elect published a video on Monday saying that his very first job as President will be to issue a notification of intent to withdraw from the TPP, and thus void Obama’s “free-trade legacy”.
Trump won the 2016 presidential election, in large part, due to the support of the working class population in the Midwest that has suffered for decades as manufacturing wages have stagnated and jobs have been transplanted to lower cost regions like Mexico and China. On election night, Trump vowed to change the fate of the American middle class by pledging that "the forgotten men and women of our country will be forgotten no longer."
Earlier today we reported that in a "summit" organized by Trump's campaign manager Kellyanne Conway, executives and anchors from the major US media outlets, including CNN president Jeff Zucker, ABC News president James Goldston, Fox News co-presidents Bill Shine and Jack Abernethy, and NBC News president Deborah Turness, visited Donald Trump at his Trump Tower penthouse for an off the record meeting.
Submitted by Simon Black via SovereignMan.com,
There are two words that kept coming up over and over again over the last 20+ months during the US Presidential circus: “fair share”.
Hardly a day went by without hearing that certain taxpayers “need to pay more of their fair share.”
It sounds really great, and given the voter statistics, this idea resonated with tens of millions of people. After all, who could possibly be against fairness?
One of the biggest open questions troubling Wall Street traders (and everyone else) in addition to which of his close allies (and in the case of Mitt Romney, not so close) will the president-elect pick to staff the most important political posts in the new administration, is what are the details of Donald Trump's economic plan, especially as it involves the Fed, Trade, and the future of US national debt.