In 2015, former President Obama signed onto the Paris Agreement, which more than 190 countries had joined in an effort to fight climate change.
The agreement, also known as the Paris Accord, was established as a long term, durable global framework to reduce global greenhouse gas emissions.
In a live news conference on Thursday morning, President Trump cut that agreement. He said, "The United States will withdraw from the Paris Agreement."
"The Paris Accord is very unfair at the highest level to the United States," the President added.
Trump spoke about how the agreement will hurt the country as it "transfers those jobs out of America."
He called the agreement "a massive redistribution of United States' wealth to other countries," sending coal jobs to foreign countries.
The deal was built on the unprecedented participation of 187 countries that submitted post-2020 climate action targets in advance of the 2015 meeting.
The President said that, "Withdrawing is within America's economic interest and won't matter much to the climate… We will be environmentally friendly, but we're not going to put our businesses out of work."
Trump's speech focused on keeping jobs in the United States. He plans on renegotiating a new agreement that will benefit our economy.