Trump Directed to Negotiate U.S. Re-entry into TPP
President Trump has reportedly directed U.S. Trade Representative Robert Lighthizer and National Economic Council Director Larry Kudlow to negotiate into re-entering the Trans-Pacific Partnership, nearly a year after he withdrew the U.S. from the multilateral trade agreement in of his first acts as president.
The best thing the United States can do to push back against Chinese cheating now is to lead the other eleven Pacific nations that believe in free trade and the rule of law. It is good news that today the President directed Larry Kudlow and Ambassador Lighthizer to negotiate U.S. entry into TPP.
After the US defected from the TPP, other members of the trade deal went ahead with it. Last month, the 11 remaining countries signed an agreement in Chile, though it still has to be ratified by local officials in some countries. Rebranded as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, the new pact will cover an area that makes up 13% of the world economy and is home to 500 million people.