Trump reconsiders stance on Trans-Pacific Partnership pact, a year after withdrawing the US
Fri Apr 13, 2018 08:19:am Business
3.8K By franklyn Anude
More than a year after withdrawing the United States of America from the Trans-Pacific Partnership signed by the Obama administration, President Trump has signalled a change of heart in his policy regarding the deal.
In a tweet via his official twitter account, Trump wrote "Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama."
"We already have BILATERAL deals with six of the eleven nations in TPP, and are working to make a deal with the biggest of those nations, Japan, who has hit us hard on trade for years!"
The timing of his statements comes at a time when the White announced that that US Trade Representative Robert Lighthizer and newly appointed economic adviser Larry Kudlow were re-examining Washington's position.
The announcement from the White House also pointed out this position taken Mr. Trump was in line with earlier statement and should not been seen as a flip flop by the president.
"Last year, the President kept his promise to end the TPP deal... because it was unfair to American workers and farmers," Deputy White House Press Secretary Lindsay Walters said in a statement.
However, he "has consistently said he would be open to a substantially better deal, including in his speech in Davos earlier this
To that end, he has asked Lighthizer and Kudlow "to take another look at whether or not a better deal could be negotiated," she said.
Trump has recently been on a tirade against several Trade deals the United States has with other nations. He called the 24-year-old North American Free Trade Agreement with neighbouring countries, Canada and Mexico, a "disaster." He also recently faced off with China, putting tariffs on Steel and Aluminium from the country to which China retaliated sparking fears of a 'Trade war'.
In a tweet via his official twitter account, Trump wrote "Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama."
"We already have BILATERAL deals with six of the eleven nations in TPP, and are working to make a deal with the biggest of those nations, Japan, who has hit us hard on trade for years!"
The timing of his statements comes at a time when the White announced that that US Trade Representative Robert Lighthizer and newly appointed economic adviser Larry Kudlow were re-examining Washington's position.
The announcement from the White House also pointed out this position taken Mr. Trump was in line with earlier statement and should not been seen as a flip flop by the president.
"Last year, the President kept his promise to end the TPP deal... because it was unfair to American workers and farmers," Deputy White House Press Secretary Lindsay Walters said in a statement.
However, he "has consistently said he would be open to a substantially better deal, including in his speech in Davos earlier this
To that end, he has asked Lighthizer and Kudlow "to take another look at whether or not a better deal could be negotiated," she said.
Trump has recently been on a tirade against several Trade deals the United States has with other nations. He called the 24-year-old North American Free Trade Agreement with neighbouring countries, Canada and Mexico, a "disaster." He also recently faced off with China, putting tariffs on Steel and Aluminium from the country to which China retaliated sparking fears of a 'Trade war'.
Related News
Leave a comment...