Donald Trump is exploring re-joining the Trans-Pacific Partnership, senators say

Donald Trump is exploring re-joining the Trans-Pacific Partnership, senators say

"In a series of broken promises President Trump made to the working people of this country, rejoining the job-killing Trans-Pacific Partnership would be the biggest yet", the statement said on Thursday.

Mr. Trump "deputized" White House economic adviser Larry Kudlow and U.S. Trade Representative Robert Lighthizer to investigate the U.S. getting back into the Trans-Pacific Partnership, an 11-nation agreement including Japan, Mexico, Vietnam, Australia and others.

Who knows if this was merely another please-the-crowd attempt that will vanish like a tweet.

The president earlier this week said he would make a decision by Wednesday, but that self-imposed deadline came and went with no US action or final decision by the commander in chief. He said that's shifting work to competitors outside the US including in Canada and Mexico because they now enjoy a big edge on material costs.

In reality, however, Trump's decision to rethink the TPP is a direct effect of his showdown with China.

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During his first week in office, Trump withdrew the U.S. from the TPP.

But the geopolitical case for reaching some kind of new trade agreement with our nation's allies in the Pacific was always solid: Strengthening our economic ties to such countries would provide the USA with a tool for countering the influence of an ascendant China.

Public Citizen's Global Trade Watch, which was highly critical of USA involvement in a pact it viewed as lowering labor and environmental standards, said Trump's reversal on the issue would signal that the president "cannot be trusted on anything", said Lori Wallach, the group's director. AFL-CIO President Richard Trumka said on Twitter that TPP "was killed because it failed America's workers and it should remain dead".

The lawmakers also told the president that joining TPP would allow the United States to counter China's trade "cheating" by "leading" Asian countries that would rather be aligned with Washington than Beijing.

"Very thankful for President Xi of China's kind words on tariffs and automobile barriers", Trump said on Twitter on Tuesday.

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"That is certainly good news", Roberts told reporters outside the West Wing. "We will make great progress together!"

What has Trump said about it?

Kennedy says what was presented as a tariff on foreign steel has effectively become a tax on US manufactures such as his company. The president is weighing whether to impose tariffs on up to $150 billion worth of Chinese exports to the United States to punish China for its theft of intellectual property from American companies.

The administration is also considering the possibility of the federal government aiding farmers harmed by retaliatory tariffs from China, according to lawmakers on Capitol Hill and advocacy groups.

An agreement could be completed within a few weeks or five months, he said, adding "I don't care".

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"The president has consistently said he would be open to a substantially better deal, including in his speech in Davos earlier this year", Walters said.

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