Trump pulls the U.S. out of the Paris Climate Agreement
By: Erin Johnson, Xiro Xone News June 1, 2017 Updated: 4:23 PM
The U.S. is pulling out of the Paris climate agreement, President Trump announced in the Rose Garden of the White House Thursday.
"The United States will withdraw from the Paris Climate Accord, but begin negotiations to re-enter either the Paris Accord or really an entirely new transaction on terms that are fair to the United States," Trump said in the Rose Garden. "So we are getting out, but we are starting to negotiate and we’ll see if we can make a deal that’s fair."
Trump claimed that meeting the accord's greenhouse gas emission standards would cost the United States close to $3 trillion in lost gross domestic product and 6.5 million industrial jobs.
The President framed his decision based on his campaign promise to “put America first,” reasserting American sovereignty and rebuffing an attempt by the rest of the world to take advantage of the United States.
“The rest of the world applauded when we signed the Paris agreement. They went wild, they were so happy,” he said. “A cynic would say that the obvious reason for economic competitors, and their wish for us to remain in the agreement. is that we continue to suffer this self-inflicted, major economic wound.”
The United States will now be one of only three countries out of 197 nations that isn't signed onto the agreement, with the other two being Nicaragua and Syria.
The exit from the climate agreement could raise doubts about the commitment of the world's largest economy to curbing global warming and make it more difficult to hold other nations to their environmental commitments.