Trump says he would re-enter TPP trade deal if it’s made ‘substantially better’

from The Hill

President Trump said Thursday he would consider re-entering the Trans-Pacific Partnership (TPP) trade agreement if the terms were more favorable to the U.S.

“I would do TPP if we were able to make a substantially better deal,” Trump told CNBC during an interview at the World Economic Forum in Davos, Switzerland.

Trump called the Pacific Rim trade pact a “horrible deal” as written.

The comments mark the first time Trump has raised the possibility of rejoining the sweeping trade agreement, which was championed by former President Obama.

It’s a surprising stance for Trump, who won the 2016 election on a promise to take a more protectionist stance on trade.

Trump railed against the TPP as a candidate and announced the U.S. would pull out of the agreement in one of his first acts as president. At the time, Trump said leaving the TPP is a “great thing for the American worker.”

But it’s unclear what, exactly, could entice Trump to re-enter the agreement. The president did not say what specific changes he wants to see made…

[read more here]

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