@#$#@!*&%%!! Ana Swanson: Trump proposes rejoining Trans-Pacific Partnership to shield farmers from trade war

@#$#@!*&%%!! Ana Swanson: Trump Proposes Rejoining Trans-Pacific Partnership to Shield Farmers From Trade War: “President Trump… [said] he was directing his advisers to look into rejoining the multicountry trade deal known as the Trans-Pacific Partnership…

…Trump… long criticized the deal and withdrew from it last January, in his first major trade action. The president has long maintained that he prefers to negotiate trade deals one on one…. Many economists say the best way to combat a rising China and pressure it to open its market is through multilateral trade deals like the Trans-Pacific Partnership, which create favorable trading terms for participants…. Senator Ben Sasse, Republican of Nebraska, said it was “good news” that the president had directed his economic adviser, Larry Kudlow, and his trade negotiator, Robert Lighthizer, to look into rejoining the deal. “The best thing the United States can do to push back against Chinese cheating now is to lead the other 11 Pacific nations that believe in free trade and the rule of law,” Mr. Sasse said in a statement…

April 17, 2018


Brad DeLong
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