Trump announces plans to withdraw from Paris climate accord

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WASHINGTON (AP) - President Donald Trump has announced that the U.S. will withdraw from the Paris climate agreement, but will begin negotiations to "re-enter either the Paris accord or an entirely new transaction."

Trump says during a White House Rose Garden announcement that the U.S. will exit the landmark climate agreement aimed at reducing carbon emissions to slow climate change.

Trump says the deal "disadvantages" the U.S. and is causing lost jobs and lower wages.

The announcement fulfills one of Trump's top campaign pledges. But it also undermines world efforts to combat global warming.

The U.S. had agreed under former President Barack Obama to reduce emissions to 26 percent to 28 percent of 2005 levels by 2025 - about 1.6 billion tons.

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