Tag: Lawrence Kudlow

Donald Trump once boasted of killing the Trans-Pacific Partnership (TPP), calling the giant trade pact a “fraud”. Now, apparently, he wants in. During a meeting with Republican senators on Thursday, Trump reportedly asked Larry Kudlow, his national economic council chairman, and the US trade representative Robert Lighthizer to take another look at the pact – a deal he once called Republicans “stupid” for endorsing. It does not stop Japan's currency manipulation. April 22, 2015 The move runs counter to Trump’s repeatedly expressed belief that he prefers “bilateral” trade agreements – between the US and one other country – to wide-ranging pacts like TPP and the North American Free Trade Agreement (Nafta), which he has also said should be rewritten or scrapped. But at a time of increasing tensions over trade between the US and China, revising a deal he once argued was “pushed by special interests who want to rape our country” could offer the US greater leverage in negotiations with Beijing. He called it a “horrible deal” and “one of the worst trade deals”. The pact, involving 11 countries that border the Pacific Ocean but excluding China, was supposed to create a new trading bloc and foster better relations in a region that accounts for 40% of the world’s economic output. Trump’s Democratic rival, Hillary Clinton, had also come out against TPP. If we did a substantially better deal, I would be open to TPP.”

Today in 5 Lines After a nail-biter election, Democrat Conor Lamb declared victory over Republican Rick Saccone in Pennsylvania’s 18th district. Lamb is up by roughly 600 votes, and most outlets have said the race is too close to call. Attorney General Jeff Sessions is reportedly reviewing a recommendation to fire former FBI Deputy Director Andrew McCabe, just days before he’s scheduled to retire. CNBC contributor Larry Kudlow will replace Gary Cohn as the new director of the National Economic Council. Hundreds of students across the country participated in a walkout to protest gun violence and commemorate the victims of the school shooting in Parkland, Florida, last month. The United Kingdom will expel 23 Russian diplomats after a Russian-made nerve agent was used in an attack on a former spy and his daughter. Today on The Atlantic What Pennsylvania Means: Conor Lamb’s apparent victory in Pennsylvania’s special election suggests that Republicans can expect a stiffer challenge in some blue-collar districts, but will be most vulnerable in suburban white-collar districts. (Ronald Brownstein) All the President’s Men: The White House, with the departure of Rex Tillerson, will become “more than ever the conniving and dishonest court of an unpredictable, ill-informed, and willful monarch,” writes Eliot A. Cohen. ‘Enhanced Interrogation’: A 2014 Senate report details exactly what happened at the Thailand “black site” run by Gina Haspel, Trump’s pick for CIA director. (Annabelle Timsit) Obama Is Partly to Blame: Adam Serwer explains why the former president bears some responsibility for Trump’s decision to appoint Gina Haspel to run the CIA.