Trump Proposes Rejoining Trans-Pacific Partnership
President Trump, in a surprising reversal, told a gathering of farm state lawmakers and governors on Thursday morning that he was directing his advisers to look into rejoining the multicountry trade deal known as the Trans-Pacific Partnership, a deal he pulled out of within days of assuming the presidency.
Rejoining the 11-country pact could be a sharp reversal of fortune for many American industries that stood to benefit from the trade agreement's favorable terms and Republican lawmakers who supported the pact. The deal, which was initiated by the Obama administration, was largely viewed as a tool to prod China into making the type of economic reforms that the United States and others have long wanted.
Both Democrats and Republicans attacked the deal during the president campaign, but many business leaders were disappointed when Mr. Trump withdrew from agreement, arguing that the United States would end up with less favorable terms attempting to broker an array of individual trade pacts and that scrapping the deal would empower China.
Republicans in Congress have also been skeptical of Mr. Trump's tendencies on trade, and 25 Republican senators sent a letter to Mr. Trump urging him to re-engage with the pact "so that the American people can prosper from the tremendous opportunities that these trading partners bring."
Previously: Donald Trump to Withdraw US from Trans-Pacific Partnership
Renamed TPP Signed, Without the IP Rules, Without the USA
Related: "Legal Scrub" of TPP Makes Massive Change to Penalties for Copyright Infringement
US Government's Own Report Shows Toxic TPP "Not Worth Passing"
Australia Leads Charge to Revive TPP While Canada Abstains
(Score: 2, Insightful) by Anonymous Coward on Thursday April 12 2018, @10:57PM (1 child)
Ha ha!
One of the few decent things Trump did and he's now gonna walk us right back into it.
MAGAGAGAGAGAGAGAGAGAGAGAGAGAGAGAG
suuuuuuuuckaaaaaaaassssss
MAMAGMAGAGAGAGMAMGMAGMAMGAMGMAMG
idiooooooootttssssssssssssss
MAMGAMGAGAGAMGAMGAGAGAGAGAGAGAGAG
all the way to the bank! #sad
(Score: 0) by Anonymous Coward on Friday April 13 2018, @02:43AM
Trump! Trump! Trump!
Lock her up! Lock her up! Lock her up!
*rolls eyeballs*
It's tragicomic. I wonder if all the Russia collusion garbage goes away suddenly if 'Trump! '*3 commits to ratifying TPP/TTIP/TISA. All in all it was nothing but brilliant. Wouldn't it be grand if the big reveal in S18Q2 is that Cadet Bone Spurs was framed? Why, it might just align the working class with the (short-sighted) goals of reckless, end-stage imperialist capitalism.