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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: 0) by Anonymous Coward on Friday April 13 2018, @12:36AM (5 children)
I love these sarcastic comments as AC touting how much of a genius our president is. And the reference to the book is priceless. Keep it up! I had a good laugh at this. Thanks for cheering me up!
(Score: 4, Insightful) by Runaway1956 on Friday April 13 2018, @02:32AM (4 children)
Well, his posts somewhat balance the other side's post, which harp on the idiocy of Old Carrot Top. How about something near the middle ground, which is more realistic? The man is neither an idiot, nor a genius. His intelligence is probably a few points above normal - I'll call it 105 to 110. He IS however, one of the most privileged people on the earth, and he is out of touch with the needs of the people, as well as the needs of the nation. He's a rather sorry excuse of a president. But, he's certainly not an idiot, nor a genius.
(Score: 1, Touché) by Anonymous Coward on Friday April 13 2018, @02:51AM (3 children)
His "intelligence"? Do you mean 'IQ'? It's unknown whether or not we have a method of accurately measuring someone's intellect. Many people assume that that's what IQ is, but that is backed up mostly by some correlations which may or may not have all that much to do with one's intelligence.
(Score: 1, Touché) by Anonymous Coward on Friday April 13 2018, @11:00AM (2 children)
Did your IQ measure a bit lower than you expected?
(Score: 0) by Anonymous Coward on Friday April 13 2018, @02:44PM (1 child)
No, it measured much higher than expected - almost 50!
(Score: 2) by maxwell demon on Friday April 13 2018, @06:01PM
50 factorial? That's enormous! ;-)
The Tao of math: The numbers you can count are not the real numbers.