Does the Stock Market Care About the Paris Climate Deal?

In a speech delivered on 1 June, Trump argued that the current deal puts the U.S. at a disadvantage and called for a fresh round of negotiations to reach a new, "fairer" accord.

During his 2016 presidential campaign, Trump blasted the accord, saying it would cost the us economy trillions of dollars with no tangible benefit.

U.S. businesses, cities and states were also critical of Trump's decision, with several vowing to take action into their own hands to meet commitments under the Paris agreement.

"Our president is choosing to put American jobs and American consumers first", Pence said. We will succeed, because we are fully committed, because wherever we live, whoever we are, we all share the same responsibility: "Make Our Planet Great Again". "We disagree - so we've changed it. #MakeThePlanetGreatAgain".

"IBM believes we can make a constructive contribution by having a direct dialogue with the administration - as we do with governments around the world", a company spokeswoman said.

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However, the rest of the signatories pledged to defend the agreement and not to backtrack in the fight against climate change.

A long-scheduled meeting on Friday between Chinese Premier Li Keqiang and top European Union officials in Brussels was dominated by Trump's decision.

Standing alongside Chinese Premier Li Keqiang, EU Council President Donald Tusk said Friday that "We are convinced that yesterday's decision by the United States to leave the Paris agreement is a big mistake".

McMillon said in a Facebook post late on Thursday he was "disappointed in today's news about the Paris Agreement".

They will also "call on all parties to uphold the Paris agreement" and "to strengthen efforts over time, in accordance with the objective and provisions of the agreement".

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Trump, who has called climate change a hoax, said the USA could try and re-enter the deal either after negotiations or have a new agreement "on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers".

Indeed, leading military experts, including Secretary of Defense James Mattis, have warned that the impact of climate change will lead to more refugee flows, more starvation, more conflict, and more terrorism.

"A friend of mine likes to say that a thermometer is neither a Republican nor a Democrat", said Webb, who traveled to Paris for the signing of the accord in 2015 to raise awareness among the public that many evangelical Christians are concerned about climate change.

World leaders from a number countries have reacted with disappointment to Trump's decision to withdraw from the agreement. "I can assure you that France will not give up the fight". "We're going to need more manufacturing in the United States just to deal with domestic consumption".

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