Trump team promises to address ethics concerns on businesses

Australia still wants the Trans-Pacific Partnership to succeed even with U.S. president-elect Donald Trump vowing to withdraw from the trade pact, Prime Minister Malcolm Turnbull says. “I hope that President Trump, when he becomes president, will nominate someone who might garner bipartisan support, who might be in that mainstream”.

He also revealed that he encouraged the president-elect to hire “a strong White House counsel” to prevent conflict of interest and corruption issues that many fear will plague the Trump administration.

“These are just a few of the steps we will take to reform Washington and rebuild our middle class”, he said. Obama’s signature trade initiative was created to strengthen economic ties between the U.S. and Asian countries and was seen as a blueprint for other trade deals to follow, such as TTIP.

Incoming Sen. Minority Leader Chuck Schumer says that President-elect Donald Trump’s victory is “not a mandate”, vowing to oppose the policy agenda of the Republican-controlled White House and Congress where he and his fellow Democrats disagree.

President Xi set himself up as the anti-Trump at this week’s summit, defending open markets and pushing two rival agreements – an APEC-wide deal and a 16-member accord that excludes the US.

“I am going to issue our notification of intent to withdraw from the Trans-Pacific Partnership”, Trump said, calling the trade deal “a potential disaster for our country”.

Obama made the remark in Lima at his final global news conference as USA president after attending the Asia-Pacific Economic Cooperation Forum.

Last week, he became the first foreign leader to meet Trump since his November 8 election victory. Adopting an altruistic tone, Obama has offered frequent reassurances that the US won’t renege on its commitments. News stories displayed here appear in our category for Business and are licensed via a specific agreement between LongIsland.com and The Associated Press, the world’s oldest and largest news organization.

“I am not anxious about being the last Democratic president. not even for a while”, Obama said during a press conference.

As alternatives to the TPP, China is backing a free trade zone across APEC, which accounts for almost 40 percent of the world’s population and almost 60 percent of the global economy.

Kushner’s influence has already been hinted at, as New Jersey Governor Chris Christie was swiftly removed from head of Trump’s transition team, along with other Christie associates.

That is not to say he has plans to leave the public spotlight entirely, but it was suggested by top Obama aides that he did not plan to fully embrace the Bill Clinton post presidency model.

Obama’s visit to Peru, the last stop on his trip, has brought those concerns to the forefront: Much of Latin America is on edge about a potentially dramatic shift in USA immigration policy under Trump.