Trump Directs Cabinet to Look Into Rejoining TPP Trade Agreement

Trump Directs Cabinet to Look Into Rejoining TPP Trade Agreement

Following a meeting between the president, his advisers and members of Congress today, Sasse told reporters that Trump had advanced in his thinking on TPP, which he withdrew from shortly after taking office a year ago.

"That is certainly good news", Roberts told reporters outside the West Wing. He's meeting at the White House with the governors of Iowa, Nebraska and North Dakota and several Midwest senators and House members. "They want a reduction in both tariff and non-tariff barriers".

The remarks were another conciliatory signal from the administration following tit-for-tat tariffs proposals from the world's largest two economies that rattled markets. Trump campaigned on promises to bring down America's massive trade deficit - $566 billion previous year - by rewriting trade agreements and cracking down on what he called abusive practices by USA trading partners.

"The president multiple times reaffirmed in general to all of us and looked right at Larry Kudlow and said, 'Larry, go get it done, '" Sen.

"We should be leading the TPP discussions".

The White House later confirmed Sasse's account. "To that end, he has asked Amb". "It is good news that today the president directed Larry Kudlow and Ambassador Lighthizer to negotiate U.S. entry into TPP". He has consistently criticized multilateral trade pacts, like the TPP, as a threat to American manufacturing industries. Richard Trumka, the president of the massive labor organization ADL-CIO, blasted the move by Trump as an affront to American workers.

"There is no conceivable way to revive it without totally betraying working people", he said.

President Trump told aides to look again at re-entering negotiations on the Trans-Pacific Partnership - a massive Asia-heavy trade deal that Trump repeatedly denounced on the 2016 campaign trail and had killed just previous year, Republican lawmakers said Thursday.

During a February news conference with Prime Minister Malcolm Turnbull, Mr Trump raised the possibility of re-joining TPP if the negotiators offered more favourable terms.

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This is exactly what Trump campaigned against: Multilateral trade deals; making USA law subservient to worldwide structures; and the New World Order.

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 US farmers.

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

"Clearly, it's a deliberative process", said Sen.

The possible re-entry of the U.S. into the TPP is seen as a way of helping United States farmers who fear they will he hurt by new retaliatory tariffs imposed by China on USA agricultural products. He said China's theft of intellectual property has inflicted serious damage to USA companies and threatens the country's future economic outlook. "We will make great progress together!"

Trump told his guest he would take steps to help farmers, including new ethanol support. The US has accused China of unfairly subsidising targeted sectors and forcing foreign companies to transfer technology in areas like robotics, aerospace and artificial intelligence. The administration is also expected to release a separate list for additional proposed tariffs covering US$100 billion in imports from China.

In late February, 25 Senate Republicans wrote a letter to Trump calling on him to rejoin the agreement, arguing it would broadly boost the US economy.

"He said he's going to deputize (National Economic Council Chairman) Larry Kudlow and (US Trade Representative) Robert Lighthizer to look at re-entering the TPP negotiations", Republican Sen.

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