On January 16, president-elect Donald Trump chastised Paul Ryan for proposing "border adjustments". Today President Trump promises a Major Border Tax and pulled the US out of TPP.

President Donald Trump said Monday the U.S. will impose a "very major" border tax on companies that move some operations overseas and signed a memorandum withdrawing the U.S. from the Trans-Pacific Partnership, as he sharpens his focus on recasting America's international trade relations.

"We've been talking about this for a long time," Mr. Trump said as he signed the order removing the U.S. from the trade pact with 11 other nations. He said the move will be a "great thing for the American worker."

Before withdrawing from TPP, Mr. Trump met with business leaders at the White House and asked them to devise a plan to boost U.S. manufacturing.

Regulations, he said, have "gotten out of control," and while he described himself as a friend of the environment, he said "some of that stuff makes it impossible to get anything done."