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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: 4, Insightful) by GreatAuntAnesthesia on Friday April 13 2018, @09:58AM (1 child)
You mean the book Trump didn't write, and that isn't true anyway? [newyorker.com]
You make it sound like he managed to persuade NK to meet when no other president before him could.
In fact, The Kims have been desperately trying to get the Americans to meet them for years. Decades, even. They've sent invite after invite and the US has turned them all down [cnn.com], in order to maintain the strength of their negotiating position:
Because a meeting with the US President is so valuable to the North Koreans, it's always been the American position that it should be reserved for the moment a deal is on the table -- and deliver a significant return.
(Score: 0) by Anonymous Coward on Friday April 13 2018, @03:17PM
These suckers are neck deep in Stockholm syndrome.