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Trump to take another look at TPP 'disaster'

Trump to take another look at TPP 'disaster'
From BBC - April 12, 2018

US President Donald Trump has agreed to reconsider the Trans Pacific Partnership (TPP), a free trade pact with primarily Asia-Pacific countries that he backed out of last year.

Mr Trump made the commitment while meeting politicians from farming states, who are among those concerned about a trade war, senators say.

The president has previously slammed the deal as a potential "disaster".

But his trade strategy is under fire as a conflict escalates with China.

Politicians, including some from his own party, are worried that he is leading the US into a damaging economic battle with China, after levying tariffs on steel and aluminium and threatening taxes on billions more in Chinese goods.

They have said the administration should be working with other countries to pressure China, instead of wielding tariffs that invite retaliation on industries such as agriculture.

Senator Ben Sasse, a Republican who represents Nebraska and has been sharply critical of the tariffs, said it was "good news" that the president directed top staff, including US Trade Representative Robert Lighthizer, to negotiate US entry into TPP".

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