Friday, April 13, 2018

Trump says US will only rejoin Pacific trade pact if terms are improved

U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade pact his administration walked away from last year, if it offered "substantially better" terms than those provided under previous negotiations.
Read more at https://www.channelnewsasia.com/news/business/trump-says-us-will-only-rejoin-pacific-trade-pact-if-terms-are-improved-10134498
 (Updated: )

Ricky Lim · 
Trump "is a person who could change temperamentally, so he may say something different the next day", Aso said.
Australian Prime Minister Malcolm Turnbull, commenting after Trump's tweet, said it would be "great" to have the U.S. back in the pact though doubted it would happen.
"We’re certainly not counting on it,” Turnbull told reporters in Adelaide in South Australia.
"If the United States, it turns out, do genuinely wish to rejoin, that triggers a whole new process," she told reporters in Auckland.
"There would be another process and so, at this stage we are talking hypotheticals."

A Canadian government official said on Thursday there had not been any formal outreach from the United States about the pact.


But Trump is struggling to get support from other countries for his recent threat to impose import tariffs on China and the U.S. farm lobby is arguing that retaliation by China would hit American agricultural exports.
Trade experts believe Trump is probably trying to placate his political base in the wake of criticism over the U.S.-China China tariff standoff.
"Well I think you have to take it seriously but I think there is an enormous chance that this is simply posturing or a tactical decision taken to placate concerned governors and senators from agricultural states that could be affected by China imposing tariffs," said Charles Finny, a Wellington-based trade consultant and a former New Zealand government trade negotiator.
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See Trump is a trouble maker.
None in the TPP is taking Trump seriously - and yet Trump has the cheek to want better term to rejoin the TPP.

The TPP-11 should tell him to go fly kite.
Drag him and wait it out - until next more learned President is elected.
Don't deal with a Devil because a Devil will turn around and bite you.
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