U.S. president-elect Donald Trump is planning on withdrawing the United States from the Trans-Pacific Partnership deal.
Trump released a video Monday evening outlining plans for his first 100 days in office, starting January 20th.
He is calling the TPP trade deal a “potential disaster” for the country and will issue an intent to withdraw.
“We will negotiate fair, bilateral trade deals that bring jobs and industry back on to American shores,” he says.
The TPP would create free trade deal among 12 nations, encompassing nearly 40 per cent of the world’s GDP.
President Barack Obama’s signature trade initiative was signed by the U.S. earlier this year, but has not yet been ratified by the senate.
Toronto Keynote Address
Meanwhile, an American political commentator will be speaking in Toronto Tuesday about what a Donald Trump presidency means for Canada.
Former White House policy advisor and CNN political contributor Van Jones will speak at the event, organized by the Broadbent Institute.
Jones previously called the election results a “whitelash” against a changing country.