Trump Finally Makes His Decision

www.beroeinc.com/infographics/trans-pacific-
partnership-tpp-trade-deal/

It looked like the U.S was heading in the direction of the TPP Trump pulls out of deal. After having his advisers look into the contract, he was turned away from the deal because of our ongoing trade dispute with China that could hit Midwestern agriculture particularly hard. He was also convinced of the security benefits of binding Asian allies ever closer together as a rising China exerts its territorial ambitions. On Tuesday Trump took to twitter “While Japan and South Korea would like us to go back into TPP, I don’t like the deal for the United States. Too many contingencies and no way to get out of it if it doesn’t work. Bilateral deals are more efficient, profitable and better for OUR workers.” What this means to me is that he wants the keep our jobs in the U.S, but these are the types of things that people get upset about and with China's territorial ambitions, t’s revamped Cabinet might have convinced Trump likes benefits of binding Asian allies.

http://www.startribune.com/trump-wrong-about-tpp-again/480423693/

Japan Expects USA Wants a Bilateral Trade

Japan's Finance Prime Minister Taro Aso said in a statement that he believe's that the U.S.'s consideration of rejoining TPP is a preference to be had, however he feel s that the U.S. will only join if there is a deal/consideration of having bilateral free trade agreement with Japan. President Trump withdrew from the Trans-Pacific Partnership. Finance Prime Minister Aso will be traveling to the U.S. Tuesday and Wednesday to keep the close relationship between Japan and the U.S.

https://www.reuters.com/article/us-usa-trade-japan/japan-finance-minister-suspects-u-s-wants-bilateral-fta-idUSKBN1HO0B8

Trump reconsiders TTP

In a move that shocked new reporters this week Donald Trump told his trade advisers to re-look at the Trans Pacific Trade Agreement on Thursday. Trump has asked Larry Kudlow and Robert Lighthizer to see if a better deal could be renegotiated. This decision came as Trump faced calls from republican lawmakers urging him to rejoin, along with farmers and other businesses who are concerned about trade tariffs effecting their jobs and wages. This was mentioned in my previous post. Rejoining the agreement would benefit a lot of businesses that compete in overseas markets. Farmers especially would be able to compete with China's growing economy. It will be interesting to see if the 11 countries in the CPTTP will consider allowing the U.S. to rejoin since the deal been signed after 1 year of renegotiation. Would those countries even want to spend more time renegotiating the changes they made again, to allow for the U.S. to join. In a New York Times article on the subject said that Japan maybe be hard to negotiate with since they feel like they have made all concessions they can. Japan's chief cabinet secretary cautioned against renegotiating the CPTTP "calling it a “well-balanced pact” that addressed the needs of the 11 nations that signed the deal." Its a big decision to make. The U.S. is in the spot light we will have to wait and see Trumps next move.



https://www.cnn.com/2018/04/12/politics/trump-tpp-reconsidering/index.html
https://www.nytimes.com/2018/04/12/us/politics/trump-trans-pacific-partnership.html
https://www.forbes.com/sites/salvatorebabones/2018/04/13/trump-may-join-the-new-tpp-but-only-because-the-old-one-was-gutted/#394fd4cb584b
http://www.business-standard.com/article/international/trump-takes-a-u-turn-hints-at-rejoining-trans-pacific-partnership-118041300095_1.html

U.S. China trade dispute soybeans hang in the balance

               

On Tuesday April 5th, President Trump and the U.S. Trade Representative unveiled a list of over 1,300 Chinese products that are to have increased tariffs, in an attempt to punish China for its unfair Trade Practices. The list covers $50 billions worth of products, such as heavy machinery and high tech components. Wednesday, China responded by announcing a list of 106 American products they are planning to put tariffs on worth about $50 billion. This list includes soybeans, cotton, corn, and other agricultural goods. This response by the Chinese has worried lots of American farmers. Soybeans are the number one U.S. agricultural export to China. China buys half of U.S. soybean exports at $14 billion annually. Market prices for soybeans have already plummeted and went down 33 cents on Wednesday. Tariffs could make the soybeans less competitive to Chinese buyers and cause them to turn to Brazil, which is already China's biggest soybean supplier. This could cause a huge impact to the U.S. farming economy. CNN Money has a really informative video on the subject.

In response to China's attack on U.S. agricultural industry, President Donald Trump said on Thursday that the United States would consider slapping tariffs on an additional $100 billion worth of Chinese goods, escalating a potentially damaging trade dispute with China. According to the New York Times, "On Friday, a spokesman for China’s Ministry of Commerce accused the United States of starting the conflict and said that 'the Chinese position has been made very clear. We do not want to fight, but we are not afraid to fight a trade war.'”

Concerns have been raised about how far this trade dispute will go and how it will hurt jobs and business that depend on China. We will have to wait and see what this trade conflict means for the future of soybeans and other American exports and imports.

https://www.nytimes.com/interactive/2018/04/05/business/china-us-trade-conflict.html
https://www.cnbc.com/2018/04/03/us-names-chinese-products-under-proposed-tariffs.html
https://www.cnbc.com/2018/04/05/trump-asks-us-trade-representative-to-consider-100-billion-in-additional-tariffs-on-chinese-products.html
https://www.cnbc.com/2018/04/07/us-farmers-in-precarious-position-with-china-amid-trade-war-fears.html
https://www.nytimes.com/2018/04/04/business/stock-markets-trade-war.html?action=click&contentCollection=Politics&module=RelatedCoverage&region=Marginalia&pgtype=article