Farms.com Home   Ag Industry News

President Trump officially removes the U.S. from TPP

”(A) great thing for the American worker:” Trump

By Diego Flammini
Assistant Editor, North American Content
Farms.com

During his campaign to become President, Donald Trump made clear his intention to  remove the United States from the 12-nation trade agreement known as the Trans-Pacific Partnership (TPP).

And three days into his presidency, Trump signed an executive order to remove America from the trading block.

“(A) great thing for the American worker, what we just did,” Trump said after signing the order and showing it to reporters.

Many American farmers and farm groups favored the TPP because it could provide  expanded market access. But with the country on its way out of the agreement, concern appears to be setting in.

“Trade is something soybean farmers take very seriously,” Ron Moore, president of the American Soybean Association, said in a release. “We export more than half the soy we grow here in the United States, and still more in the form of meat and other products that are produced with our meal and oil,” said Moore, who farms in Roseville, Ill. “The TPP held great promise for us, and has been a key priority for several years now. We’re very disappointed to see the withdrawal today.”

Moore added the organization expects to see a plan to engage with other TPP nations. And a seat at the table to ensure agreements benefit soybean farmers.

The American Farm Bureau Federation (AFBF) released a statement of its own, saying the pressure is on the new government to find other trading partners for America’s farmers.

“With this decision, it is critical that the new administration begin work immediately to do all it can to develop new markets for U.S. agricultural goods and to protect and advance U.S. agricultural interests in the critical Asia-Pacific region,” Zippy Duvall, AFBF president, said in the release. “This is why we believe it is also important to re-emphasize the provisions of the North American Free Trade Agreement with Canada and Mexico that have been beneficial for American agriculture.

“Any renegotiation of NAFTA must recognize the gains achieved by American agriculture and assure that U.S. ag trade with Canada and Mexico remains strong.”

But David Smasne, a producer from Roosevelt, Washington, agrees with the President’s decision.

“When every last American has a job, then, and only then, we should open (trade) to a limited number of countries,” he said.


Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.