Tags: LT | Chile | Pacific Trade

11 Nations to Sign Pacific Trade Pact as US Plans Tariffs

11 Nations to Sign Pacific Trade Pact as US Plans Tariffs

Thursday, 08 March 2018 12:38 PM

SANTIAGO, Chile (AP) — Trade ministers from 11 Pacific Rim countries are set to sign a sweeping agreement to streamline trade and slash tariffs just as U.S. President Donald Trump is preparing to formalize new tariffs on aluminum and steel to protect U.S. producers.

The deal to be signed Thursday in the Chilean capital is an outgrowth of the Trans-Pacific Partnership that Trump pulled the U.S. out of last year.

Many feared the agreement would not prosper without its most influential country. But the remaining 11 members pressed ahead, saying it shows resolve against protectionism.

The pact includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Trade ministers from 11 Pacific Rim countries are set to sign a sweeping agreement to streamline trade and slash tariffs just as U.S. President Donald Trump is preparing to formalize new tariffs on aluminum and steel to protect U.S. producers.The deal to be signed Thursday...
LT,Chile,Pacific Trade
110
2018-38-08
Thursday, 08 March 2018 12:38 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved