Tag: Peer review

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.”