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Trump orders a review of TPP trade pact stance

13 April 2018

President Trump may have shelved two wars in one day.

"We have to make some further decisions", Trump told reporters.

"Joining the TPP would not bring back one American job that has been outsourced to China. We've got to think about this long term".

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.

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Although the United States has withdrawn from the TPP, Trump has signaled his interest in reconsidering the trade deal. "It is good news that today, the President directed Larry Kudlow and Ambassador Lighthizer to negotiate USA entry into TPP".

Roberts and Sasse said they poured cold water on the president's idea that if tariff tensions with China escalate, he will provide federal aid to USA farmers. "President Trump looked at Larry Kudlow and said, 'Get it done'". Only two months ago he said the TPP was "bad" for the U.S., reiterating his support for bilateral deals instead of multilateral deals.

Lately Trump has talked about forming a trade block against China, which is exactly what the TPP is.

"As I have said, the United States is prepared to negotiate mutually beneficial, bilateral trade agreements with all countries", he said.

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Soybeans are a major USA export crop to China, and as such the hardy legumes have found themselves in the middle of a bubbling trade war.

While the threat of increasing tariffs in a potential trade war doesn't bode well for US workers, Daines said, such imbalances must be addressed.

The TPP builds in intellectual property protections central to trade tensions with China. "The president heard unified voices that we need more trade, not less". Richard Trumka, the president of the massive labor organization ADL-CIO, blasted the move by Trump as an affront to American workers.

Daines added that NAFTA negotiations are proceeding well. "Increased economic engagement with the 11 nations now in TPP has the potential to substantially improve the competitiveness of US businesses, support millions of U.S.jobs, increase USA exports, increase wages, fully unleash America's energy potential, and benefit consumers".

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"And so to be able to go back to Nebraska, go home and report to folks that exports are first and foremost in the president's mind, I think that's going to have a very positive effect on a lot of the uncertainty that's out there", Fischer said. "It gives us momentum related to discussions with the trade dispute with China".

Trump orders a review of TPP trade pact stance