President Trump is expected to sign an executive order Monday announcing his plan to withdraw from the Trans-Pacific Partnership (TPP) trade deal, according to multiple reports.

He will instead start individual trade negotiations with the countries in the partnership.

President Trump is expected to sign executive orders Monday that pulls the U.S. out of the Trans-Pacific Partnership and possible unravel other major trade deals, according to multiple reports.

A sweeping Pacific trade pact meant to bind the U.S.and Asia effectively died Friday, as Republican and Democratic leaders in Congress told the White House they won’t advance it in the election’s aftermath, and Obama administration officials acknowledged it has no way forward now.

In October, President Obama hailed the proposed Trans-Pacific Partnership (TPP) as “the most progressive trade deal in history.”

But progressive public-interest organizations say that the final text, the fruit of seven years of secretive trade talks between the United States and 11 other Pacific Rim countries, dashed even their low expectations. The deal not only continues most of the troubling features of trade agreements since NAFTA but also breaks worrisome new ground.

The TPP is a trade agreement between 12 Pacific Rim countries to "promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in the signatories' countries; and promote transparency, good governance, and enhanced labor and environmental protections." [Wikipedia] It has been formed through seven years of negotiations and should be enforced.

After nearly six years of negotiations, a Trans-Pacific Partnership agreement was reached in October 2015. The deal was subsequently signed by the governments of the United States and 11 other parties in Wellington, New Zealand in February 2016. In terms of the value of trade and share of global output accounted for by the 12 member countries, the TPP is the largest U.S. trade agreement to date.

The Obama administration signaled to Congress on Friday that it remains committed to passing a sweeping Pacific trade deal this year, checking off the next procedural step despite stiff resistance to the accord on Capitol Hill and from both presidential candidates.

Advocates remain steadfastly optimistic, insisting the agreement still has a shot at approval despite being opposed by both major-party presidential candidates.

Sen. Tim Kaine of Virginia said on Friday he has not changed his positions on items involving two hot-button issues — trade and abortion — as he’s come under consideration to be Hillary Clinton’s vice presidential pick.
Mr. Kaine acknowledged that while he voted last year to give President Obama “fast track” authority on trade deals, he’s always mainta