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President Trump Proposes Rejoining the Trans-Pacific Partnership

posted by martyb on Thursday April 12 2018, @10:49PM   
from the first-they-laugh-at-you? dept.

takyon writes:

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

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Original Submission

• Re:negotiation 101 (Score: 4, Interesting) by tonyPick on Friday April 13 2018, @09:59AM

  by tonyPick (1237) on Friday April 13 2018, @09:59AM (#666383) Homepage Journal

  Mr. Trump puts his name on it, gets paid some money but actually has nothing else to do with it.

  That's slightly unfair (not very unfair admittedly, but some)

  Although someone else wrote it that person (Tony Schwartz) did spend some time with Trump
  https://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all [newyorker.com]

  (TL;DR: Schwartz was hired to write an Autobiography, but decided there wasn't any way to make that work given DT's unreliability. Instead he spent 18 months following Trump around, then writing essentially a fictionalized version of Trump into a book, glossing over the whole "failure and dishonesty" thing. Then slapped Don's name on the cover and pretended it was non-fiction.)

  “All he is is ‘stomp, stomp, stomp’—recognition from outside, bigger, more, a whole series of things that go nowhere in particular,” he observed, on October 21, 1986. But, as he noted in the journal a few days later, “the book will be far more successful if Trump is a sympathetic character—even weirdly sympathetic—than if he is just hateful or, worse yet, a one-dimensional blowhard.”
  ...
  Rhetorically, Schwartz’s aim in “The Art of the Deal” was to present Trump as the hero of every chapter, but, after looking into some of his supposedly brilliant deals, Schwartz concluded that there were cases in which there was no way to make Trump look good. So he sidestepped unflattering incidents and details.
  ...
  Schwartz said that when he was writing the book “the greatest percentage of Trump’s assets was in casinos, and he made it sound like each casino was more successful than the last. But every one of them was failing.”

  And it's likely he at least Skimmed the draft:

  It took Schwartz a little more than a year to write “The Art of the Deal.” In the spring of 1987, he sent the manuscript to Trump, who returned it to him shortly afterward. There were a few red marks made with a fat-tipped Magic Marker, most of which deleted criticisms that Trump had made of powerful individuals he no longer wanted to offend, such as Lee Iacocca. Otherwise, Schwartz says, Trump changed almost nothing.

  Parent

  Starting Score:	1		point
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