Indiana Could Benefit If US Rejoins TPP Negotiations

Indiana Could Benefit If US Rejoins TPP Negotiations

As he often does, the President started to change gears after hearing complaints from important constituents - in this case, Republican lawmakers who said farmers and other businesses in their states would suffer from his trade approach because they send many of their products overseas.

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

"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.

Australia's trade minister, Steven Ciobo, said that with a deal already in place, he "can't see that all being thrown open to appease the United States".

Members of the 11-nation Trans-Pacific Partnership (TPP) trade agreement yesterday said they opposed any renegotiation of the deal to accommodate the USA should it decide to rejoin at a later date.

Toshimitsu Motegi, Japan's minister in charge of TPP, also said it would be hard to change the deal, calling it a "balanced one, like fine glassware".

Trump's renewed interest in the pact depends on whether the United States could strike a better deal than President Barack Obama did, Trump said in a Thursday night tweet. "Lighthizer and Director Kudlow to take another look at whether or not a better deal could be negotiated".

Taliban seize district in Ghazni province
The attackers planted mines to prevent government reinforcements from coming and quickly took responsibility for the attack. He said the Taliban forces set buildings on fire but left the area by daylight.

US Secretary of Commerce Wilbur Ross later said the Trump administration needs to see concrete actions from China to reach a deal.

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. But, that also depends on how the negotiations move forward. Asian stocks climbed as equities in Japan and Australia advanced. Ben Sasse had told reporters that Trump was reconsidering the withdrawal from the trade agreement, which Obama Administration had negotiated with 11 other Pacific Rim countries to promote free trade by reducing barriers between them.

The TPP, a trade deal that was to involve 12 countries including the USA, was conceived under former President Barack Obama as a way to counter China's surging power in the region. Ratification of the CPTPP is expected this spring, and the trade partners could consider adding new members not long after.

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".

Trump also indicated that talks are progressing toward successful renegotiation of the North American Free Trade Agreement.

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

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