Lawmakers say Trump exploring rejoining Pacific trade talks

15 April, 2018, 01:05 | Author: Sheila Harris
  • US Ambassador to the United Nations Nikki Haley said the US was prepared to sustain its pressure on Syria after a night of military strikes meant to cripple the country's ability to use chemical weapons

Trump has talked about rejoining the deal before, but only if the USA gets substantially better terms - which would take even more diplomatic wrangling to secure.

President Donald Trump instructed a top economic advisor to begin renegotiating the U.S.'s involvement in the Trans-Pacific Partnership (TPP), teasing a willingness to rejoin a deal he once characterized as manipulative and uneven.

New Zealand already has a separate trade deal with the world's second-largest economy, China.

"We welcome the U.S. coming back to the table, but I don't see any wholesale appetite for any material renegotiation of [the pact]", Australian Minister for Trade and Investment Steven Ciobo said. "The U.S. standard is 75 years, and the other countries accepted the U.S.in the TPP, but now they've reversed to the standard 50".

Both Democrats and Republicans attacked the deal during the presidential campaign, but many business leaders were disappointed when Trump withdrew from the agreement, arguing that the United States would end up with less favorable terms attempting to broker an array of individual trade pacts and that scrapping the deal would empower China.

Ministers from Japan, Australia and Malaysia welcomed President Donald Trump directing officials to explore returning to the Trans-Pacific Partnership, a pact he withdrew from shortly after coming to office.

Kansas Sen. Pat Roberts, the chairman of the Senate Agriculture, Nutrition and Forestry Committee, said he was "very impressed" that Trump had assigned Kudlow and Lighthizer "the task to see if we couldn't take another look at TPP".

US Secretary of Commerce Wilbur Ross later said the Trump administration needs to see concrete actions from China to reach a deal. She says mixed signals from the administration could cause problems. For instance, ranchers in Australia can send beef to Japan more cheaply than ranchers in the US.

Proposal To Break California Into 3 States Could Make November Ballot
Even if the initiative makes the ballot and Californians vote to split the state, Congress would still need to vote on the change. CNN reached out to Secretary of State Alex Padilla, but he refused to comment until he receives the signatures.

The TPP, a trade deal that was to involve 12 countries including the U.S., was conceived under former President Barack Obama as a way to counter China's surging power in the region.

Mr Trump made the commitment while meeting politicians from farming states, who are among those concerned about a trade war, senators say.

Negotiating a new pact could take years.

American Federation of Labor and Congress of Industrial Organizations president Richard Trumka said on Twitter that the TPP "was killed because it failed America's workers and it should remain dead".

"You'd need a whole renegotiation", he said.

"The best thing the United States can do to push back against Chinese cheating now is to lead the other eleven Pacific nations that believe in free trade and the rule of law".

The 11 remaining nations represent 13 percent of global output and include Japan and Canada.

Recommended:



Popular

US President in slanging match with former Federal Bureau of Investigation director
Democrats, who had been critical of Comey's handling of the Clinton investigation, defended him against Trump's attacks. In January 2017, United States intelligence chiefs briefed Mr Trump and his advisers on Russia's election meddling.

A new version of Gmail is in the offing
Like ephemeral stories, these emails will be automatically cleared as soon as they're in the inbox for a specific time period. For small businesses with limited budgets, the free version is more than capable of carrying out most of your email needs.

Pakistani Ex-Prime Minister Sharif Gets Lifetime Politics Ban
A Joint Investigation Team (JIT) was formed past year to probe the allegations on the Sharif family. This ruling directly affects former Prime Minister Nawaz Sharif .

More than 500 injured in latest Gaza protests, Palestinian officials say
But Israel says the militant group Hamas , which dominates Gaza, is orchestrating the demonstrations in order to launch attacks. Some have said they intend to use mirrors and lasers to distract Israeli snipers, according to The Jerusalem Post .

Lewis Hamilton issues warning with strong Chinese Grand Prix practice showing
I think if we do our homework, if we get the auto balance right and we get everything together, then it should be a good weekend. Max Verstappen believes Red Bull still has work to do over one lap if it is to make the most of its strong race pace in China .

UK's May summons Cabinet to discuss Syria military strike
May has indicated she wants Britain to join in any US -led strikes in response to the attack in Douma. That then deterred the US administration of Barack Obama from similar action.

Full Trailer Lands For 'Solo: A Star Wars Story'
Ehrenreich plays Han Solo and Glover plays Lando Calrissian . "You look good. For one, Alden Ehrenreich definitely seems more like Han Solo .

Josh Donaldson hits a grand slam in easy win for Blue Jays
OF Colby Rasmus had an MRI on his left hip as a precaution after his spikes caught and he felt discomfort. Santander followed with a single and Chance Sisco doubled to score Beckham and tie the game 1-1.

Israel's Labor cuts ties with Corbyn, citing anti-Semitism and hatred of Israel
Mr Corbyn said the Labor Party should have had the "courtesy" to have spoken to him before severing relations. It's deeply disappointing that the fight against antisemitism within the UK Labour Party has come to this.

Retiring Paul Ryan, "leaving this majority in good hands"
He's not the first congressional Republican to do so, and with the top man leading the way, more are sure to follow. Congress' most powerful lawmaker said he would not stand for another term in his Wisconsin district this November.