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Trump is Open to Re-Entering TPP

President tells advisors to consider whether rejoining the trade pact makes sense

President Donald Trump said Thursday he would be open to rejoining the Trans-Pacific Partnership (TPP), a trade deal he railed against on the 2016 campaign trail, but only if the agreement was renegotiated to feature better terms for the U.S. according to a report at Politico.

“Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama,” Trump wrote on Twitter late Thursday night. “We already have BILATERAL deals with six of the eleven nations in TPP, and are working to make a deal with the biggest of those nations, Japan, who has hit us hard on trade for years!”

After years of slamming the TPP, Trump told a group of farm-state lawmakers and governors that he had instructed his economic adviser Larry Kudlow and U.S. Trade Representative Robert Lighthizer on Thursday to consider whether rejoining the trade pact makes sense.

“Putting it simply, joining TPP is the best way to avoid a potentially devastating loss of wheat sales to Japan,” said USW Chairman Michael Miller, a wheat farmer from Ritzville, WA. “If the United States joins TPP, U.S. wheat should be able to compete on a level playing field with Canadian and Australian wheat, which will soon have a major advantage once TPP is implemented. That would keep U.S. wheat sales that currently represent 50% of Japan’s total wheat imports competitive in this crucial market.”

“It is very encouraging that the President is taking this step,” said NAWG President Jimmie Musick, a wheat grower from Sentinel, OK. “If we can find a way to join this trade agreement, it will go a long way toward helping protect the incomes of every American wheat farmer. We also want to thank the members of Congress who pushed very hard to see this opening.”

Read the full article here.

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