Senators: Trump is reconsidering his stance on TPP trade deal

Last month, the other 11 countries that had originally joined the U.S.in the TPP announced their own agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which would offer similar economic benefits but would not include the United States.

Also on Thursday, Everett Eissenstat, deputy director of the National Economic Council, said while in London that re-entering a trans-Pacific trade agreement was "something that's of interest" if negotiations were satisfactory.

President Donald Trump instructed his top advisors to begin exploring how the US could join the Trans-Pacific Partnership (TPP) on Thursday, just one year after abandoning the trade pact he'd blasted throughout his presidential campaign as a "horrible deal" and a "disaster".

The deal was signed in March by twelve Pacific countries including New Zealand. The remaining countries still ratified a version of the TPP without the United States earlier this year.

Shortly after assuming the office, the United States president delivered on his campaign promise and pulled out of the deal, sending it into limbo.

Mr Trump says he is directing his advisors to look into the possibility of re-signing the deal in a bid to protect the agricultural sector which could be affected by a trade war with China. "The president heard unified voices that we need more trade, not less". "If we did a substantially better deal, I would be open to TPP".


"Last year, the president kept his promise to end the TPP deal negotiated by the Obama Administration because it was unfair to American workers and farmers", the White House said in a statement.

Kennedy says what was presented as a tariff on foreign steel has effectively become a tax on USA manufactures such as his company.

Trump signaled a possible reconsideration of the TPP back in January if its terms were more favorable. Sen Ron Johnson, R-Wis., was among a handful of senators who recently visited China to meet with government and business leaders there. Gasoline typically contains 10 percent ethanol.

The announcement was welcomed by lawmakers from some farming states. Farm state lawmakers fear that would reduce demand for the biofuels and violate the RFS law.

An array of business executives are expressing alarm to federal lawmakers Thursday about the impact that tariffs will have on their business.

Associated Press writers Catherine Lucey, Jill Colvin, Paul Wiseman and Matthew Daly in Washington and James MacPherson in Bismarck, North Dakota, contributed.


Popular
  • 'Nanny state full of PC snowflakes' - Sugar tax sparks anger

    'Nanny state full of PC snowflakes' - Sugar tax sparks anger

    When the company revealed the change there was uproar, and people were reportedly stockpiling the drink before the tax kicked in. MailOnline has today broken down what the sugar tax means to consumers - calculating roughly how much prices will go up.
    Meghan Markle, Prince Harry reveal florist for royal wedding

    Meghan Markle, Prince Harry reveal florist for royal wedding

    Labelling the actress " Princess Diana 2.0", it's clear this won't be the last time Meghan's past will come under the spotlight. George's Chapel on Sunday, April 1, but two people were noticeably missing from the affair - Prince Harry and Meghan Markle .
    How to Watch Villanova vs. MI

    How to Watch Villanova vs. MI

    Over the course of their winning streak, MI has played lock down defense, giving up just 62 points per game to opponents . The Wolverines have had a unique path to the championship, failing to play any better than a 6 seed to this point.
  • Contrasting views of Hungarians after the election result

    Contrasting views of Hungarians after the election result

    Netanyahu, who visited Hungary last summer, also thanked the Hungarian leader for his support of Israel in worldwide forums. The left opposition secured the majority of the capital Budapest , but Fidesz swiped the rest of the country.
    Petersburg Man Accused of Possessing Child Pornography

    Petersburg Man Accused of Possessing Child Pornography

    The investigation will continue with detailed forensic exams of the remaining electronic devices found in Janecka's possession. Timothy Huggins, 29, was taken into custody on Friday and arrested for possession and distribution of child pornography.
    Liverpool player ratings vs Everton: Attacking stars fire blanks - but who impressed?

    Liverpool player ratings vs Everton: Attacking stars fire blanks - but who impressed?

    Ragnar Klavan was also back in the side following a spell on the sidelines with injury, and he was asked to play at left back. Liverpool's Loris Karius produced a spectacular save to keep out a curling effort by Yannick Bolasie .
  • Conte: Hammers draw sums up Chelsea's campaign

    Conte: Hammers draw sums up Chelsea's campaign

    West Ham United return to Premier League action on Monday, April 16 when Stoke City are the visitors to the London Stadium (8pm). After an earlier a pre-match tribute, the stadium rose in the eighth minute to acclaim their former number eight Wilkins.
    Possible Snow, Cold Temps On Tap For Weekend

    Possible Snow, Cold Temps On Tap For Weekend

    On Saturday , the temperature is forecast to reach 27 degrees before the chance of more snow returns Sunday . Weak cold front sags south through the area bringing a few light rain showers during the late evening hours.
    Active shooter reported at YouTube headquarters in San Bruno, Calif.

    Active shooter reported at YouTube headquarters in San Bruno, Calif.

    One YouTube employee tweeted from inside the headquarters saying he was barricaded inside a room until his room was evacuated. Police are responding to reports that there is an active shooter at the headquarters of Youtube in San Bruno, California.
  • Girls jump to flee fire at New Jersey dance studio

    Girls jump to flee fire at New Jersey dance studio

    When they opened the only exit door from the studio, "The whole balcony was covered in smoke", said Twomey. However, two of her friends were stuck inside the building, she said.
    Ridgewood Investments LLC Invests $227000 in Microsoft Co. (MSFT)

    Ridgewood Investments LLC Invests $227000 in Microsoft Co. (MSFT)

    Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. It dived, as 39 investors sold MSFT shares while 1012 reduced holdings. 676 rose positions while 134 funds bought positions.
    Cardinals K 15 times in Opening Day loss to Mets

    Cardinals K 15 times in Opening Day loss to Mets

    John Candelaria also had 10 strikeouts in 1983 and Francisco Liriano did it two years ago, both while pitching for the Pirates. A single from Yoenis Cespedes then made it 7-3, and Jay Bruce capped the inning with a single of his own to make it 8-3.

CONNECT