- Associated Press - Tuesday, January 24, 2017

ST. PAUL, Minn. (AP) - Minnesota business leaders and farmers say the end of America’s participation in the proposed in the Trans-Pacific Partnership trade deal may have been abrupt, but came as no surprise since the presidential campaign foreshadowed the move.

Most analysts say the 12-nation agreement would have reduced prices and boosted sales abroad for automakers, farmers and tech companies. President Donald Trump believes he can strike better deals on his own.

Minnesota Business Partnership executive director Charlie Weaver says one in five jobs in the state depends on international trade. One concern is soybeans because the door opens for Brazil and other soybean exporting countries to grab a bigger market share in the Pacific. Minnesota is the nation’s third largest soybean exporter, with sales of about $2 billion a year.


Information from: Minnesota Public Radio News, https://www.mprnews.org

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2019 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide