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Trump pulled the US from the Trans-Pacific Partnership on his real 'first business day'

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UPDATE 11:49 a.m. EST:

Trump got right to work.

In fulfilling his campaign promise of withdrawing the United States from the Trans-Pacific Partnership, Trump went against a policy Republicans have traditionally supported: free trade agreements. 

Trump also implemented a freeze on federal, non-military hiring and implemented the Mexico City policy, which bans federal funding for foreign entities that provide funding for abortions. 

House Speaker Paul Ryan (R-WI) issued a statement commending Trump's early work. 

“Already, he has laid the groundwork to protect Americans struggling under Obamacare. He has renewed President Reagan’s policy to ensure American taxpayers are not forced to subsidize abortions anywhere in the world," Ryan said. "He has followed through on his promise to insist on better trade agreements. And by instituting a hiring freeze, he has taken a critical first step toward reining in Washington bureaucracy."


Sens. Bernie Sanders (I-VT) and Sherrod Brown (D-OH) also applauded the withdrawal from TPP.  “I am glad the Trans-Pacific Partnership is dead and gone," Sanders said.

But some Republicans were not pleased. "Trump's decision to formally withdraw from the Trans-Pacific Partnership (TPP) is a serious mistake that will have lasting consequences for America's economy and our strategic position in the Asia-Pacific region," Sen. John McCain (R-AZ) said in a statement.

UPDATE 9:49 a.m. EST:

During a morning meeting with business leaders, President Trump pledged to cut taxes "massively" for businesses and middle-class individuals.

He also promised to cut regulations by 75 percent and impose a heavy tariff on businesses who outsource labor to other countries and sell their products in the U.S.

"We don't have free trade," Trump said, claiming he would seek "fair trade." 

The following business leaders joined Trump, Vice President Mike Pence, White House Chief of Staff Reince Priebus and Chief Strategist Steve Bannon at the meeting: Michael Dell of Dell Technologies, Jeff Fettig of Whirlpool, Mark Fields of Ford Motor Company, Alex Gorsky of Johnson & Johnson, Marillyn Hewson of Lockheed Martin, Klaus Kleinfeld of Arconic, Andrew Liveris of Dow Chemical, Mario Longhi of U.S. Steel, Elon Musk of SpaceX, Kevin Plank of Under Armour, Mark Sutton of International Paper, and Wendell Weeks of Corning.

ORIGINAL STORY: Donald Trump's administration made headlines on his first full day as president Saturday as Trump's speech at the CIA and Press Secretary Sean Spicer's claim about the size of the crowds at the inauguration struck a combative position with the media. 

But Trump said at his first press conference after being elected that Monday would be his administration's real "first business day." So what does he have planned?

CNBC reports Trump has already signed an executive order to prepare renegotiating the North America Free Trade Agreement (NAFTA), and will sign another withdrawing the U.S. from the Trans-Pacific Partnership.

He plans to negotiate trade deals with the 11 countries involved in TPP individually.

Trump will meet with business leaders Monday morning.

Trump has indicated that his first days in the Oval Office will be full of "signings." "We’ll be doing some pretty good signings on Monday and Tuesday and Wednesday and Thursday and Friday, and then also the next week," Trump said. 

Trump already began his signing effort on Friday. He officially nominated his cabinet, signed executive orders that changed mortgage fees, and instructed his administration to not enforce many of the laws created by the Affordable Care Act, also known as Obamacare.

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President Donald Trump signs his first executive order in the Oval Office of the White House, Friday, Jan. 20, 2017, in Washington. (AP Photo/Evan Vucci)

The Obamacare executive order instructed his administration to "waive, defer, grant exemptions from or delay implementation of any provision or requirement" of the law "to the maximum extent permitted by law."


Trump released a video that laid out his plans for his first 100 days in office that included ideas for immigration, defense and trade. 

On Sunday, Trump indicated that he will begin working to renegotiate the North American Trade Agreement, also known as NAFTA.

One thing Trump apparently won't do is address Differed Action for Childhood Arrivals (DACA), an immigration executive order signed by former President Obama.

White House Chief of Staff Reince Priebus told Fox News on Sunday that he expects that that administration is "going to work with House and Senate leadership as well to get a long-term solution on that issue."

Trump will also meet with Speaker of the House Paul Ryan and have lunch with Pence. He will attend a Bicameral Leadership Reception and a listening session with union leaders and American workers.

We may learn more about Trump's "signings" -- and what to expect from the new administration -- at Sean Spicer's first official press conference, scheduled for 1:30 p.m.

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