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Donald Trump and his wife Melania wave to a crowd after he was sworn in as the 45th president of the United States in Washington.   © Reuters
The Trump effect

US announces withdrawal from TPP

Trump sworn in as 45th president, promises 'America First'

NAOYA YOSHINO, Nikkei staff writer | Japan

WASHINGTON -- Soon after President Donald Trump was sworn in, his administration announced the U.S. withdrawal from the Trans-Pacific Partnership, a trade pact championed by former President Barack Obama and Japanese Prime Minister Shinzo Abe.

The White House on Friday also wasted no time in declaring a renegotiation of the North American Free Trade Agreement, or NAFTA. Trump is expected to take a more isolationist, protectionist stance, and the international community is concerned that the U.S. will continue to draw inward.

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