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