Trump authorized the US trade representative Robert Lighthizer and the director of the National Economic Council Larry Kudlow to look into the possibility of re-joining such an agreement, more than year after withdrawing from the Trans-Pacific Partnership (TPP). "To that end, he has asked [Ambassador] Lighthizer and Director Kudlow to take another look at whether or not a better deal could be negotiated". Ben Sasse, R-Neb.
Sasse said Trump looked directly at Kudlow during the meeting and told him to "get it done". "And so lots of good things in this meeting". Sasse and other congressional advocates for agricultural trade have been pushing ever since to re-enter the.
"If the Trump administration doesn't pose too many demands, it is likely that the other TPP members will see the value of the bringing the US back into the fold", said Eswar Prasad, Cornell University professor of trade policy. White House spokesmen didn't immediately respond to requests for comment.
"It is good news that today the President directed Larry Kudlow and Ambassador Lighthizer to negotiate US entry into TPP", Senator Ben Sasse (R-Nebraska) said in a statement. The agreement is meant to establish freer trade in the Asia-Pacific region and put pressure on China to open its markets to compete with and perhaps eventually join the bloc.
Scott Paul, president of the Alliance for American Manufacturing, urged lawmakers and the administration to stay the course in getting tough on China.
During the 2016 presidential campaign, Trump called TPP a "disaster".
"The president is working on a number of trade deals", Fischer said.
Roberts said it would be "good news all throughout farm country".
The 11 other TPP countries signed a new version of the deal, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, in March, excluding the United States.
The TPP, crafted most extensively by the Obama administration, spanned 12 countries around the Pacific Rim, including Japan, Australia, Mexico, and Canada. Now, suddenly, the president who has railed against trade pacts that feature the US and multiple partners is considering joining the TPP, showing again his willingness to change his mind, even when doing so would betray his core beliefs and political base. "But I know folks in Nebraska have faith that the president understands the economic situation that many of them are in and will do his best to be able to negotiate good deals for us".