President Trump’s ‘Team’ to Review TPP Agreement
US President Donald Trump has asked his administration’s trade officials to explore the possibility of the United States rejoining negotiations on the Pacific Rim agreement after he pulled out last year as part of his “America First” agenda.
Farm-state lawmakers said Thursday after a White House meeting with Trump that he had given that assignment to his Trade Representative, Robert Lighthizer, and his new Chief Economic Adviser, Larry Kudlow. The Trans-Pacific Partnership (TPP) would open more overseas markets for American farmers.
“I’m sure there are lots of particulars that they would want to negotiate, but the President multiple times reaffirmed in general to all of us (farm state legislators) and looked right at Larry Kudlow and said, ‘Larry, go get it done.'”
Last month 11 countries signed the agreement.
President Trump’s rejection of the pact rattled some US allies and raised questions about whether protectionism will impede US economic growth.
The discussions came during a meeting in which Trump told farm-state governors and lawmakers that he was pressing China to treat the American agriculture industry fairly.
Midwest farmers fear becoming caught up in a trade war as Beijing threatens to impose tariffs on soybeans and other US crops, a big blow to Midwestern farmers, many of whom are strong Trump supporters.
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