Published: Fri, April 13, 2018
Global News | By Stacy Ballard

Lawmakers say Trump will look into trade talks

Lawmakers say Trump will look into trade talks

"It is good news that today the President directed Larry Kudlow and Ambassador Lighthizer to negotiate USA entry into TPP", he added.

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"We have officially terminated TPP", declared Mr. Trump at the order signing.

Flavio Volpe of Canada's Automotive Parts Manufacturers' Association started making that prediction after Japanese Prime Minister Shinzo Abe announced he would visit Trump at his Mar-A-Lago resort later this month to seek an exemption from steel tariffs. In a statement later, Reynolds said Trump understood efforts to open markets, promised to end a trade dispute with China and suggested he would boost the use of E15, a 15 percent mixture of corn-based ethanol and gasoline.

Trump has mused about re-joining TPP negotiations in the past but his request to his top aides shows a greater level of interest in rejoining the pact he railed against during his 2016 campaign.

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Trump floated the idea to re-negotiate terms and reenter the TPP in January, noting that he would consider signing back on if he could make a "substantially better deal".

The Trump administration says it has ordered the Agriculture Department to create a program to help farmers hurt by trade.

The discussions came during a meeting in which Trump told farm-state governors and lawmakers that he was pressing China to treat the American agriculture industry fairly.

In February, Treasury Secretary Steven Mnuchin said the USA was interested in re-entering the trade agreement, but he quickly backed off those comments, making it sound like a deal would not materialise.

But in recent months - even as he has erected tariffs on steel and aluminum imports and against China - the President has also begun to signal a willingness to reassess his stance on the Trans-Pacific Partnership.

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The development most immediately affecting Canada transpired at the NAFTA negotiating table where, sources say, the USA has shaved 10 percentage points off its demand on automobile content.

Representatives for chemical manufacturers and soybean farmers also expressed their concerns to the House ways and means committee, which is examining the impact of the tariffs.

After spending months demanding a big increase in the amount of content cars must include from North America to avoid a tariff, in addition to insisting that half of every auto comprise US parts, it has now softened both proposals.

It was thrown into limbo previous year when Trump quashed America's involvement, citing concerns about United States jobs.

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