Abstract
During his first week in office, U.S. President Donald J. Trump issued a series of executive directives that will affect the chemistry enterprise in a variety of ways. Trump issued a presidential memorandum formally withdrawing the U.S. from the Trans-Pacific Partnership (TPP) agreement, a trade deal strongly supported by the chemical industry and many other U.S. businesses. The Jan. 23 action fulfills Trump’s campaign promise to abandon the Pacific Rim trade pact early in his Administration. Chemical manufacturers backed TPP, which was negotiated by former president Barack Obama’s Administration, saying it had the potential to eliminate punitive tariffs and taxes and provide new market opportunities for U.S. chemical exports. The Society of Chemical Manufacturers & Affiliates (SOCMA), an association representing the specialty chemical industry, urged the Administration to pursue trade agreements in Asia and elsewhere. The pharmaceutical industry, which had criticized the TPP agreement for failing to deli...
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