Published: Fri, April 13, 2018
World Media | By Shelia Harmon

Trump to take another look at TPP 'disaster'

Trump to take another look at TPP 'disaster'

Donald Trump has ordered his senior economic and trade advisers to examine the possibility of the United States re-entering the 11 nation Trans Pacific Partnership.

"I would do TPP if we were able to make a substantially better deal", Trump told CNBC during an interview at the World Economic Forum in Davos, Switzerland. Now, faced with political consequences of the action, Trump appears to be reconsidering.

"The president is working on a number of trade deals", Fischer said.

President Trump has directed U.S. Trade Representative Robert Lighthizer and top economic adviser Larry Kudlow to "negotiate U.S. entry" into the Trans-Pacific Partnership, according to Sen.

Beijing has threatened to impose tariffs on soybeans and other US crops in response to Trump's vows to raise tariffs against Chinese goods.

But at a time of increasing tensions over trade between the USA and China, revising a deal he once argued was "pushed by special interests who want to rape our country" could offer the U.S. greater leverage in negotiations with Beijing. Trump frequently equivocates on policy when faced with opposition, only to reverse course later. "Senator Ben Sasse (R., Neb.) is probably right, though, to take the high road".

"I urged the president to protect our farmers in Nebraska when discussing new trade deals and tariffs", Bacon wrote on Twitter. He has not said precisely what provisions he would want changed.

The TPP members, including Canada, Mexico and Japan, proceeded without the United States after Trump pulled out, and signed the sweeping new agreement last month, signalling that Washington risked missing the boat. "Undoubtedly, a TPP that includes the USA would be stronger and more formidable than one that does not". In a statement later, Reynolds said Trump understood efforts to open markets, promised to end a trade dispute with China and suggested he would boost the use of E15, a 15 percent mixture of corn-based ethanol and gasoline.

Pat Roberts (R-KS), and John Hoeven (R-ND), who also attended the meeting, confirmed Trump's interest in rejoining TPP.

The president earlier this week said he would make a decision by Wednesday, but that self-imposed deadline came and went with no USA action or final decision by the commander in chief.

"I have to believe President Xi is smiling all the way to regional domination as a result of our pulling out of TPP". "A USA -alone action ... that's not going to solve the real problems that we have". "We're going to work out something during the transition period, which is not easy, very complicated", Trump said. The president seemed to slow the timeline for any USA strikes on the country after signaling earlier this week that an attack was imminent.

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