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President Trump is now considering rejoining the Trans-Pacific Partnership

 

President Trump is now considering rejoining the Trans-Pacific Partnership (TPP) to help boost American agricultural exports. One of the first things President Trump did when elected into office was to pull out of the TPP, which is also known as the largest trade deal in history.  The TPP includes Canada, Mexico, Peru, Chile, Japan, Vietnam, Malaysia, Singapore, Australia, Brunei, and New Zealand.  The TPP was put in place for many reasons, one being to combat China’s growing global economy and lowering tariffs between the partnering countries.  According to The Washington Post, “Reentering the TPP would not be easy. The 11 other countries reached their own trade deal this year, and it is unclear what conditions they would set before they restarted the entire process with the United States. The deal would be much stronger with U.S. participation, since it is the world’s largest economy. But several countries in the deal have cast a wary eye toward Trump’s swings on trade.”

The Washington Post also explains that President Trump states, “Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama,” he wrote. “We already have BILATERAL deals with six of the eleven nations in TPP, and are working to make a deal with the biggest of those nations, Japan, who has hit us hard on trade for years!”

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