World News

Trans-Pacific Partnership Members Skeptical of Trump's Potential Re-Entry

Trans-Pacific Partnership Members Skeptical of Trump's Potential Re-Entry

US President Donald Trump has agreed to reconsider the Trans Pacific Partnership (TPP), a free trade pact with primarily Asia-Pacific countries that he backed out of previous year. "This will include the countries in TPP, which are very important", he said.

President Trump may, or may not, be having a change of heart about re-entering the Trans-Pacific Partnership.

The deal, negotiated by the Obama administration, was largely intended as a tool to prod China into making economic changes that the U.S. and others have long wanted. A renegotiated deal without the USA was signed in March.

U.S. president Donald Trump has ordered targeted air strikes on the embattled state of Syria, after it emerged this week that the Syrian government most likely attacked the city of Douma with chemical weapons.

"The best thing the United States can do to push back against Chinese cheating now is to lead the other 11 Pacific nations that believe in free trade and the rule of law, " he said.

For a deal Trump once called "the death blow for American manufacturing", it's unlikely the newly signed agreement will be more to his liking.

Trump pulled out of the TPP at the start of his term but recently floated the idea of rejoining.

Steven Ciobo, Australia's trade minister, added that he "can't see that all being thrown open to appease the United States".

The remarks were another conciliatory signal from the administration following tit-for-tat tariffs proposals from the world's largest two economies that rattled markets.

More news: United States 'locked and loaded' to strike Syria again if new attack

She says if negotiations are successful, Indiana's manufacturing industry could also benefit from the agreement.

Trump withdrew the U.S. from the accord during his first week in office.

The pact, which was conceived as a counterweight to Beijing's rising economic power in the region, had been negotiated under the administration of former US president Barack Obama, but never approved by US Congress.

"I'm sure there are lots of particulars that they'd want to negotiate, but the president multiple times reaffirmed in general to all of us and looked right at Larry Kudlow and said, 'Larry, go get it done,"' said Sen.

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".

"It's hard to bring part of the pact and renegotiate it", he said, calling it a "well-balanced pact" that carefully addressed the needs of the current 11 member nations. It wants to toughen requirements for how much of the product is made within a participating country, which could make the goods less competitive. Trump singled out Japan during on Twitter, accusing the nation of manipulating the USA into unequal trade agreements.

Trump's tweets involving Russian Federation came as the United States of America, among other nations not on Russia's side - which is pretty much all nations across planet Earth - believed that Russian Federation was deeply involved in such attacks, supporting the Syrian regime.


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