President Trump to Look at Re-Entering Trans-Pacific Partnership

President Trump to Look at Re-Entering Trans-Pacific Partnership

President Trump to Look at Re-Entering Trans-Pacific Partnership

Donald Trump and Hillary Clinton didn't agree on much during the 2016 campaign, but they did agree that the US should not participate in the Trans-Pacific Partnership (TPP).

However, over the past several months, White House officials have repeatedly signaled the United States is interested in maintaining and strengthening its trade ties with key Pacific allies. While the speech offered little new policy and made no mention of Trump, Xi affirmed or expanded on proposals to increase imports, lower foreign-ownership limits on manufacturing and expand protection to intellectual property - all issues central to the USA president's trade complaints.

"I'm concerned that some USA positions around labor standards, environmental standards and intellectual property protections, we may not get as much as we want in the agreement now if we would have if we stayed in the negotiations and not be seen as a fickle partner", Bauerle-Danzman says.

Even if Trump does decide to push through a return to the TPP, he might struggle to get it approved by Congress. He's with us in studio now.

"If these comments mean that President Trump is correctly evaluating the significance and effects of the TPP, then we welcome them", Toshimitsu Motegi, Japan's minister for the TPP, said.

HOLLEYMAN: My sense is he's taking another look for two reasons. "China is looking to line up other countries against the U.S., Chinese officials said -especially in Europe, whose companies could benefit should China react to the stepped up pressure by retaliating against the U.S.", The Journal writes. Secondly, national security interests. They included Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. "I think they want to". Hillary Clinton's opposition to the TPP was likely driven by her desire not to be outflanked by Bernie Sanders, a TPP opponent.

The current version of the TPP promises strong protections for intellectual property, expands free-trade rules beyond agriculture and services, and embraces the digital economy.

HOLLEYMAN: Politics around trade have always been incredibly complicated. "A country the size of America, and the optics of having the USA actually sign on to an agreement which is in contrast to what they've done in the last couple of months in relation to increasing tariffs is quite significant", Mahar said.

"Putting it simply, joining TPP is the best way to avoid a potentially devastating loss of wheat sales to Japan", said Michael Miller, chairman of US Wheat Associates and a wheat farmer from Ritzville, Washington.

KING: Do you think those 11 countries are going to welcome the US back with open arms?

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However, they also cautioned against making any significant changes.

HOLLEYMAN: No, I think clearly those countries will make some demands.

And the finished deal suspended several provisions the USA wanted on issues like pharmaceuticals and intellectual property. "Will they be able to negotiate those back in?"

Roberts and Sasse said they poured cold water on the president's idea that if tariff tensions with China escalate, he will provide federal aid to US farmers.

Since officially backing away from the original TPP pact, Japanese diplomats have openly discussed welcoming the US back to the deal. "We will not cede leadership in our hemisphere to. countries that. exploit the region's rich natural resources".

KING: It'll be tough.

Trump tweeted that he "would only join TPP if the deal were substantially better" than the one negotiated by his predecessor, Barack Obama. "You'd need a whole renegotiation".

The U.S. State Department said the United States has proof at "a very high level of confidence" that the Syrian government carried out the attack but still is working to identify the mix of chemicals used. The president seemed to slow the timeline for any USA strike after earlier this week signaling an attack was imminent. I mean, TPP was created to be the alternative to the closed Chinese system.

US stocks rose after a trio of big banks reported strong quarterly results, while geopolitical risks and concerns over trade war eased.

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