Senators: Trump is reconsidering his stance on TPP trade deal
Washington: President Donald Trump has led his best trade and financial advisors to have a fresh look in the Trans-Pacific Partnership commerce arrangement he withdrew from his first week in office, Republican senators said Thursday.
“Certainly, it is a deliberative procedure and that the President is a man who likes to … amuse a lot of unique thoughts,” said Sasse, that has been critical of this government’s withdrawal in the transaction price and other protectionist moves. “However he several occasions reaffirmed the stage that TPP may be simpler for us to combine now when the TPP-11 is adapting and we could be the 12th party to these discussions, instead of the very long process it took for to TPP.”
Sasse stated Trump appeared directly at Kudlow through the meeting and advised him to “do it.” The White House didn’t immediately respond to requests for comment, and a few members of this government appeared surprised with the information.
“This news was news for me,” he explained.
The movement could indicate the launch of a stunning change for Trump, who railed against the Trans-Pacific Partnership throughout the effort and forced withdrawal from the pact a priority during his first week in office.
Beyond his resistance to the trade deal, Trump has continued to encourage a movement toward bilateral trade arrangements instead of multilateral deals between groups of nations.
But lately — as he’s erected tariffs on aluminum and steel imports and contrary to China — that the President has also started to indicate a willingness to reassess his position on the Trans-Pacific Partnership. In January he stated he’d be open to reconsidering the bargain when the US could hit a ” better” agreement.
Other countries in the pact, such as Australia and Japan, have moved ahead on the trade arrangement, recently signing the TPP-11, that did not incorporate the United States.
Trump can be reconsidering his position about the behemoth trans-Pacific trade deal because he inches closer to a trade war with China. Critics of the President’s decision to pull the US in the agreement had contended that the US could have more leverage in a trade dispute with China when the US had stayed at the Trans-Pacific Partnership.