Trump wants back into Pacific trade deal, say GOP senators

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"The countries of the Trans-Pacific Partnership are important allies of ours as China aggressively seeks to expand its influence", Sen.

President Donald Trump's move on Thursday to put the Trans-Pacific Partnership back on the agenda shows that he may have a new appreciation of the trade pact's strategic value as he threatens tariffs on China.

Trump also indicated that he was keen to pursue bilateral deals with Japan and other countries in the region.

Rep. Ryan and Sen.

American Federation of Labor and Congress of Industrial Organizations president Richard Trumka said on Twitter that the TPP "was killed because it failed America's workers and it should remain dead".

But he questioned how "real the engagement" was, given similar comments from President Trump in Davos.

Meanwhile, across the aisle, Democrat Senator Sherrod Brown, said he was "very open to a new TPP" assuming it contained strong labour rights protections and currency provisions.

A number of provisions covering issues like intellectual property that the USA government successfully pushed into the original deal were suspended in the new TPP signed last month.

Some labor unions like the UAW criticized the TPP saying that some of the countries involved block USA imports and have poor human rights records.

Trump's United Nations ambassador, Nikki Haley, said the president had not yet made a final decision, two days after he tweeted that Russian Federation should "get ready" because a missile attack "will be coming" at Moscow's chief Middle East ally.

During his campaign, Trump made the push against the TPP a cornerstone of his global policy. Ben Sasse of Nebraska said Thursday after meeting with Trump at the White House. His administration slapped steel and aluminum tariffs on all other countries - with a handful of exceptions - and is on the brink of an all-out trade war with China.

More than a year after he withdrew the U.S. from the Trans Pacific Partnership, it seems Donald Trump could be interested in rejoining. He has previously said he might reconsider the deal. And for the U.S.to try to get back in once we've already left the deal is going to be even more complicated than it was when we were trying to negotiate the deal from the center of the table. Trump is temperamental so "there may be a different statement the next day", he told reporters in Tokyo.

"The original members just spent five long and painful years negotiating the deal only to be "left at the altar" by the Americans", Elms wrote in a blog post.

"We would like to welcome the president's remarks if it means that he recognizes the meaning and effect of the TPP", said Yoshihide Suga, the Japanese government's chief cabinet secretary.

-China Business Council, cautioned that Xi had made similar promises before and never delivered, Manning said Trump was justified in celebrating.

Now that Trump has gone down the protectionism route, wouldn't you know he lacks allied support (Japan still hasn't been exempted from steel tariffs) and faces domestic and worldwide blowback. China has responded to Trump's threat of tariffs on as much as $150 billion worth of Chinese goods by placing its own tariffs on USA pork and threatening taxes on soybeans, sorghum, corn and beef. Last year, Washington exported more than $18 billion in goods to China, according to US trade data, with airplanes and wheat among the top exports.

"The Trans-Pacific Partnership is another disaster done and pushed by special interests who want to rape our country", Trump said in June of 2016. "You'd need a whole renegotiation". Almost two-thirds of USA soybean exports go to China.

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