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Trump reconsidering stance on TPP trade deal

IANS  |  Washington 

US has directed his top trade and economic advisers to take a fresh look at the (TPP) trade agreement he withdrew from in his first week in office, according to Republican senators.

"He said he's going to deputise (Chairman) and (US Trade Representative) to look at re-entering the TPP negotiations," quoted Republican Senator of as saying on Thursday after meeting Trump at the

"Clearly, it's a deliberative process and the is a guy who likes to entertain a lot of different ideas," said Sasse, who has been critical of the administration's withdrawal from the trade deal and other protectionist moves.

"But he multiple times reaffirmed the point that TPP might be easier for us to join now once the TPP-11 is aligned and we might be the 12th party to those negotiations, as opposed to the long process that it took to get to TPP."

Sasse said Trump looked directly at Kudlow during the meeting and told him to "get it done".

confirmed the senators' accounts of Trump's comments, reported.

"Last year, the kept his promise to end the TPP deal negotiated by the because it was unfair to American workers and farmers. The President has consistently said he would be open to a substantially better deal, including in his speech in earlier this year. To that end, he has asked Lighthizer and Kudlow to take another look at whether or not a better deal could be negotiated," Walters said.

The move could mark the beginning of a stunning shift for Trump, who railed against the TPP during the campaign and made withdrawal from the pact a priority during his first week in office.

He did so over the objections of Republicans who disapproved of his protectionist approach to trade.

Beyond his opposition to the trade deal, Trump has continued to support a move toward bilateral trade agreements rather than multilateral deals involving groups of countries.

But in recent months, the President has also begun to signal a willingness to re-assess his stance on the TPP.

In January, he said he would be open to reconsidering the deal if the US could strike a "substantially better" agreement.

Other countries in the pact, including and Japan, have moved forward on the trade agreement, recently signing the TPP-11, which did not include the US.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 09:52 IST
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