Trump weighs rejoining the TPP

Hannah Rogers
April 14, 2018

"It's not yet clear how real it is, given the different views in the US administration", Trade Minister David Parker said. For years, these countries have taken advantage of the U.S.by throwing up barriers to USA exports while enjoying the benefits of the US economy uninhibited.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said any CPTPP renegotiations to make significant changes might be hard as the trade pack had already achieved a balanced deal for all the countries involved.

"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.

On the heels of bombshell news that President Donald Trump is exploring the possibility of rejoining the Trans-Pacific Partnership, the United States is seeking to contain expectations.

A plurality of Democrats have indicated that President Donald Trump-not his predecessor Barack Obama-is responsible for the current state of the country's economy, a tonal shift from earlier this year when top members of the party argued the economic conditions were still due to former President Barack Obama.

"It is an agreement so delicate, like something made of glass", he said.

Trump pulled the US out of the TPP early previous year.

Japan's Chief Cabinet Secretary Yoshihide Suga yesterday cautioned against any efforts to change the agreement to accommodate Mr Trump, calling it a "well-balanced pact" that addressed the needs of the 11 nations that signed the deal.

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"Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama", he wrote Thursday. "And that certainly would be good news all throughout farm country". The TPP was finalized in February 2016, but not ratified by the USA before Trump withdrew the United States' signature from the pact.

When President Trump announced the United States' withdrawal from TPP, AFBF President Zippy Duvall encouraged the White House to continue to expand export opportunities for farmers and ranchers. With congressional elections later this year, he now faces pressure from some Republican lawmakers anxious that his protectionist policies could spiral into a trade war with China that would hit rural America.

The proposal came during a White House meeting with lawmakers and governors after Sen. Trade advisers say the department could use a program known as the Commodity Credit Corp.to purchase potentially billions of dollars of crops from American farmers harmed by tariffs. The Trans-Pacific Partnership would open more overseas markets for American farmers.

There are few differences between the TPP the US signed and the CPTPP.

Secondly, in domestic interests, President Trump will have to negotiate with the U.S. Congress.

Kennedy says what was presented as a tariff on foreign steel has effectively become a tax on USA manufactures such as his company.

Politicians, including some from his own party, are anxious that he is leading the USA into a damaging economic battle with China, after levying tariffs on steel and aluminium and threatening taxes on billions more in Chinese goods.

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