Trump opposes USA rejoining Pacific trade deal

Credit Wikipedia

Credit Wikipedia

Last week, the White House announced that Trump had asked the U.S. foreign trade representative Robert Lighthizer and the economic adviser Larry Kudlow to "take another look at whether or not a better deal (with the TPP) could be negotiated".

'The US is committed to free, fair and reciprocal - very important word - trade and we are committed to pursuing a bilateral trading relationship that benefits both of our great countries, ' Mr Trump told Wednesday's press conference.

President Trump's flirtation with the Trans-Pacific Partnership free trade deal lasted one week. The deal, which was negotiated by President Barack Obama's administration, was largely viewed as a tool to prod China into making the type of economic changes that the United States and others have long wanted.

The economic adviser emphasized that the United States is now in the "pre-preliminary stages" of any discussion over the TPP, which the 11 remaining participating nations are moving ahead on after Trump announced the United States' exit from the deal.

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

President Trump, who has caused controversy with his recent protective trade measures, had ordered his top trade advisers to take a fresh look at the Trans-Pacific Partnership, having initially pulled out of negotiations because he wanted a better deal.

"In the meantime, were negotiating", Trump said.

"I'm pretty convinced you'll find tons of particulars which they&;rsquo;d would like to negotiate, but the president several situations reaffirmed in overall to all of us looked right at Larry Kudlow and mentioned ' evenLarry, go do it, '" claimed U.S. Sen. "I don't think he is", added Kudlow.

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Larry Kudlow, the White House economic adviser, earlier downplayed the possibility of the US rejoining.

"Putting it simply, joining TPP is the best way to avoid a potentially devastating loss of wheat sales to Japan", said USW Chairman Michael Miller, a wheat farmer from Ritzville, Washington. "I much would prefer a bilateral deal".

"We'll see how that goes", Kudlow said. "Look how bad WTO is to United States".

On Wednesday 18 April, however, Trump issued a new statement on Twitter suggesting that the option of asking to re-join the CPTPP is still entirely off the table. "The uncertainty of what markets are going to be available to American agriculture diminishes that certainty".

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