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Statement By SASC Chairman John McCain on President Trump's Decision to Withdraw from the Trans-Pacific Partnership

Statement

Date: Jan. 23, 2017
Location: Washington, DC
Issues: Foreign Affairs Trade Economy and Fiscal

U.S. Senator John McCain (R-AZ), Chairman of the Senate Armed Services Committee, released the following statement today on President Trump's decision to withdraw from the Trans-Pacific Partnership (TPP):

"President Trump's decision to formally withdraw from the Trans-Pacific Partnership (TPP) is a serious mistake that will have lasting consequences for America's economy and our strategic position in the Asia-Pacific region.

"This decision will forfeit the opportunity to promote American exports, reduce trade barriers, open new markets, and protect American invention and innovation. It will create an opening for China to rewrite the economic rules of the road at the expense of American workers. And it will send a troubling signal of American disengagement in the Asia-Pacific region at a time we can least afford it.

"Abandoning TPP is the wrong decision. Moving forward, it is imperative that America advances a positive trade agenda in the Asia-Pacific that will keep American workers and companies competitive in one of the most economically vibrant and fastest-growing regions in the world."


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