Senators: Trump is reconsidering his stance on TPP trade deal

Trump to take another look at TPP 'disaster'

Trump to take another look at TPP 'disaster'

Speaking after a trade meeting with Trump, Republican senators said the president told White House National Economic Council Director Larry Kudlow and U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerMcConnell urges GOP senators to call Trump about tariffs Companies brace for trade war MORE to look into joining the deal, which 11 other Pacific Rim nations signed in March.

Some present at the meeting said joining the trade pact could strengthen the USA position in the current trade spat with China, which is not a party to the agreement The 11 TPP members, including Canada, Mexico and Japan, proceeded without the United States, and signed the sweeping agreement last month. Pat Roberts, Chairman of the Senate Committee on Agriculture, Nutrition and Forestry following the trade discussions at the White House. "And he directed Larry Kudlow and Ambassador Lighthizer in the meeting to lead the negotiation of the U.S.'s possible re-engagement in TPP".

The move would be a reversal for Mr. Trump, who signed an executive order in January 2017 shortly after taking office to signify the US exit from the 12-country Asia Pacific free trade deal.

The move could mark the beginning of a stunning shift for Trump, who railed against the Trans-Pacific Partnership during the campaign and made withdrawal from the pact a priority during his first week in office.

"We have officially terminated TPP", declared Mr. Trump at the order signing.

"We're bringing back those four really attractive words that you don't hear very much". China has responded to Mr. Trump's threat of tariffs on as much as $150 billion worth of Chinese goods by placing its own tariffs on American pork, and threatening taxes on soybeans, sorghum, corn and beef.

Trump scrapped the TPP during his first week in office in January 2017, reversing a tradition of free and open global trade that had always been embraced by his party.

"We had a terrible deal", he said.

Mr Trump recently started a trade war with China by increasing tariffs on goods from the rapidly growing country. "I always say this I would do TPP if we were able to make a substantially better deal - the deal was awful".

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