Trump Now Signals He's Still Wary of TPP

20 April, 2018, 01:33 | Author: Genevieve Gibbs
  • Leaders of prospective TPP members in 2010

New Zealand's Trade Minister says his country isn't blind to the benefits of trading with the world's largest economy.

President Donald Trump extinguished any hopes that the USA might rejoin the Trans Pacific Partnership (TPP), saying last night that he didn't like the deal for the US.

But, so far, congressional Republicans have shown little interest in confronting the president, instead hoping their cajoling of Trump and his top aides will secure the policy changes they are seeking.

Larry Kudlow, the White House economic adviser, earlier downplayed the chance of this U.S.re-joining the pact.

"I don't want to go back into TPP", Mr. Trump said at a press conference.

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The partnership originally involved the US when it was created in February of 2016.

Last year, when Trump withdrew from the Trans-Pacific Partnership, he proposed a bilateral trade deal with Japan in its place.

"Unless they offer us a deal that we can not refuse, I would not go back into TPP", Trump said at a joint press conference with Japanese Prime Minister Shinzo Abe Wednesday at Trump's Mar-a-Lago resort. I don't think he's medically unfit to be president.

"In order to benefit both Japan and the USA, we'll further expand trade and investment between the two countries", the prime minister said.

On April 12, Trump told a group of Republican senators during a meeting that he had deputized Robert Lighthizer, the USA trade representative, and Larry Kudlow, the director of the National Economic Council, to study the possibility of re-entering the TPP if the terms were favorable. But if they offered us a deal I can't refuse on behalf of the U.S., I would do it.

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Larry Kudlow said, "It has to be in USA interest for us to take another look and actually go into it".

"We don't send so much products because we have trade barriers", he added. "It will come up in this summit, no question about it".

"Farmers need certainty. It's planting time", said Sen.

Sasse told reporters that during the meeting, Mr. Trump had repeatedly "reaffirmed the point that TPP might be easier for us to join now once the TPP 11 is aligned and we might be 12th party to those negotiations as opposed to the long process that it took to get to TPP". "The uncertainty of what markets are going to be available to American agriculture diminishes that certainty".

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