With Japan’s prime minister, Shinzo Abe, coming back to Palm Beach for talks with President Trump Tuesday, it’s a good time to ask if the U.S. should rejoin the multi-country trade agreement.
In a head-spinner of a reversal, Trump on Thursday said he was looking into rejoining the TPP. Tearing up the pact was one of his bedrock campaign promises and first acts as president.
Back then, he denounced the deal as “a rape of our country.” But now many farmers, business people and Republican lawmakers are worried about threats of tariffs and trade barriers.
Trump made the comment to a gathering of farm-state lawmakers and governors, so maybe this was mind-boggling idea that evaporates as soon as the intended audience leaves the room, like the time he seemed to side with Democrats on DACA or that moment when he embraced universal background checks on gun purchases.
The Trans-Pacific Partnership, forged during the Obama administration, was to unite 12 countries, representing 40 percent of the world’s economic output, in a trading bloc. The hope was to strengthen economic ties by slashing tariffs and writing policies and regulations — and to counter China’s dominance in Asia.
Critics on the left, as well as Trump-supporting nationalists, assailed the pact as costing U.S. jobs and said it was developed with too little transparency.
So what do you think? Is the U.S. better off outside the TPP? Or should we get back in?