HOT AND COLD: TRUMP CONSIDERING REJOINING TPP IF GIVEN BETTER DEALS

Written by Uyen Le-Khuc

“You’re hot and you’re cold, you’re in and you’re out” – this line from Katy Perry’s “Hot n’ Cold” is what actually happened in the latest Trump-TPP saga. In a late night Tweet, Trump said that he would look at re-joining the Trans-Pacific Partnership (TPP), only if “the deal were substantially better than the deal offered to Pres. Obama.” This move was made after many farm-state Republicans raised concerns that his protectionist trade policies would spiral into a trade war with China. If Trump is sincere about re-entering this time, what follows would be a tedious, long period of negotiation. This will not be easy, with Australian Trade Minister Steven Ciobo saying that there is “no appetite” among TPP signatories to accommodate the US; after all, the original deal took nearly 7 years to iron out.

 

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