Trump Order to Withdraw From TPP Disappoints Tech Interests
President Donald Trump’s executive order to withdraw from the Trans-Pacific Partnership disappointed the Information Technology Industry Council, but ITI said it’s ready to work with the administration on trade agreements that better reflect today’s technology. “There is no prospect for…
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job creation and economic growth for the United States without an active trade agenda,” ITI President Dean Garfield said in a Monday news release. “We can’t ignore the fact that many trade agreements were struck in an era that predates the internet and the global economy which depends on data flowing freely across borders for people and businesses to sell goods and services anywhere in the world. We can -- and should -- improve trade agreements to reflect the critical role digital trade plays in growing our economy and to help tech goods and services compete more fairly overseas.” The Progressive Policy Institute "strongly" disagrees with Trump that it's "good news" to withdraw from TPP, PPI said. "The President’s hasty action on the TPP is bad news for American businesses and workers, for the American economy, and for America’s global influence.”