President Trump Gives Conditions on Re-entering the Trans-Pacific Partnership

Casey Dawson
April 15, 2018

Friday morning, President Trump expanded on the conditions for getting back into TPP.

Trump on Thursday night said on Twitter that the USA would "only join TPP if the deal were substantially better than the deal offered to Pres. Obama".

President Donald Trump instructed a top economic advisor to begin renegotiating the U.S.'s involvement in the Trans-Pacific Partnership (TPP), teasing a willingness to rejoin a deal he once characterized as manipulative and uneven. "The Trans-Pacific Partnership will squeeze our manufacturing sector", he wrote on Twitter in April of that year.

Obama took the weak market and turned it completely around, and Obama did it with the Republicans saying they were going to make Obama a one-term president.

And Sasse also said the deal has the added benefit of uniting countries against unfair Chinese trade practices.

Japan's trade minister, Toshimitsu Motegi, warned that it would be hard to renegotiate, saying TPP is a well-balanced agreement based on the varying interests of the signatory nations.

"In a Twitter post on Thursday night, Trump said the US" would only join TPP if the deal were substantially better than the deal offered to Pres Obama.

New Zealand already has a separate trade deal with the world's second-largest economy, China.

Black flags protest continues, 'Modi go back' chants echo in TN
Several regional party outfits too came out on the streets to protest, but were kept in check by the strong police force. The four-day-long DefExpo is being held in the outskirts of Chennai , close to the temple town of Mahabalipuram.

But when 11 remaining countries inked the final deal - now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - in March, the agreement lacked numerous provisions US negotiators had long argued to see included. She says mixed signals from the administration could cause problems.

Trump also indicated that talks are progressing toward successful renegotiation of the North American Free Trade Agreement. And now it's $500 billion in deficits and a theft of $300 billion in intellectual property. Asian stocks climbed as equities in Japan and Australia advanced.

Trump's decision to withdraw from the TPP was among his first actions after he was inaugurated in 2017.

The pact, which was conceived as a counterweight to Beijing's rising economic power in the region, had been negotiated under the administration of former US president Barack Obama, but never approved by US Congress. Taro Aso, Japan's finance minister and deputy prime minister said that "if the news is true, we would welcome it".

Negotiating a new pact could take years.

Democrat Senator Sherrod Brown, said he was "very open to a new TPP" as long as it had strong labor rights protections and currency provisions.

"You'd need a whole renegotiation", he said.

The 11 remaining nations represent 13% of global output and include Japan and Canada. The remaining countries, like Japan, moved ahead without the U.S., and spent months renegotiating a pact before finally agreeing to a sweeping multinational deal this year.

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