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President Trump Proposes Rejoining the Trans-Pacific Partnership

posted by martyb on Thursday April 12 2018, @10:49PM   Printer-friendly
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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  • (Score: 5, Insightful) by RamiK on Friday April 13 2018, @01:42AM (3 children)

    by RamiK (1813) on Friday April 13 2018, @01:42AM (#666287)

    Thursday morning Trump offhand remarked to a bunch of farmer's reps telling how he mentioned to his advisors to look into rejoining the TPP. Thursday afternoon a reporter asked an advisor about it and he was basically completely unprepared and could only say they're putting a team together.

    WASHINGTON — President Trump, in a sharp reversal, told a gathering of farm state lawmakers and governors on Thursday morning...

    Larry Kudlow, Mr. Trump’s top economic adviser, said in an interview on Thursday with The New York Times that the request to revisit the deal was somewhat spontaneous. “This whole trade thing has exploded,” Mr. Kudlow said. “There’s no deadline. We’ll pull a team together, but we haven’t even done — I mean, it just happened a couple hours ago.”

    Seriously folks, don't waste your time reading too much into this. This comment has as much weight to it as Trump's typical ass-pulled twitts. Hell, I wouldn't even be too surprised if El Presidente just made that whole shit up that morning and his advisors only got word of it just before the interview when the reporter asked about it.

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  • (Score: 4, Informative) by captain normal on Friday April 13 2018, @06:31AM (1 child)

    by captain normal (2205) on Friday April 13 2018, @06:31AM (#666344)

    If you really want to know what Trump is going to do, just watch late night Faux News. That's where he gets all his hairbrain ideas.

    --
    "It is easier to fool someone than it is to convince them that they have been fooled" Mark Twain

    • (Score: 0) by Anonymous Coward on Friday April 13 2018, @12:06PM

      by Anonymous Coward on Friday April 13 2018, @12:06PM (#666426)

      As in the the brain of a hare.

  • (Score: 4, Insightful) by tonyPick on Friday April 13 2018, @08:46AM

    by tonyPick (1237) on Friday April 13 2018, @08:46AM (#666365) Homepage Journal

    This comment has as much weight to it as Trump's typical ass-pulled twitts.

    So it's as significant as his comments on Steel Tariffs against China [nbcnewyork.com] and Military action in Syria [cnn.com]?

    I don't know if you've noticed, but defending DT's offhand remarks [theglobeandmail.com] as something other than the ramblings of an uninformed halfwit are the how policy gets made in the White House these days...