Donald Trump Walks Back Eagerness to Rejoin TPP; Demands 'Better Deal'

Containers at a port

Thursday evening, the president further clarified his desired conditions for re-entering the agreement via Twitter, saying he would only rejoin if the deal was "substantially better" than the one negotiated by President Obama.

Last week, Mr. Trump insisted the U.S.is not in a trade war, because the trade war is "already lost."

Toshimitsu Motegi, Japan's minister in charge of TPP, told Bloomberg it would be hard to change the deal, calling it a "balanced one, like fine glassware".

That said, the president's laughable inconsistency is no reason not to make every effort to revive the TPP, which would be just the thing to put pressure on China to make concessions on USA intellectual property, the most important and legitimate part of our beef with Beijing's trade practices.

Director of National Government Relations Robert White says it could help alleviate some of the financial pain farmers are feeling as a result of back-and-forth tariffs with China.

Rather than work with other Asian countries in an effort to isolate China economically and bring the Chinese to understand that their actions have consequences, the president loudly threatens a trade war in which American farmers, manufacturers and consumers will only suffer in a tit-for-tat round of expensive tariffs. The remaining countries, like Japan, moved ahead without the United States, and spent months renegotiating a pact before finally agreeing to a sweeping multinational deal this year.

Australia's trade minister, Steven Ciobo, said that with a deal already in place, he "can't see that all being thrown open to appease the United States".

The remarks were another conciliatory signal from the administration following tit-for-tat tariffs proposals from the world's largest two economies that rattled markets. And now it's $500 billion in deficits and a theft of $300 billion in intellectual property.

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Inside his first week in workplace, the president signed an govt order withdrawing the USA from the pact, after persistently railing in opposition to it on the marketing campaign path. In 2016, then President Barack Obama's administration abandoned attempts to push the pact through Congress.

Mr Trump ordered his staff to evaluate rejoining "on our terms", according to accounts from the meeting.

Negotiating a new pact could take years. AFL-CIO President Richard Trumka, head of the main trade union group, said on Twitter that TPP "was killed because it failed America's workers and it should remain dead".

A senior administration official said "what you've seen tonight is not the end of the USA response".

The Syrian Armed Forces said in a statement that 110 missiles were fired on Syrian targets and that the country's defense systems "intercepted most of the missiles, but some hit targets including the Research Center in Barzeh".

The 11 remaining nations represent 13% of global output and include Japan and Canada.

"Syria's responsible. We are all in agreement", State Department spokesperson Heather Nauert said earlier Friday.

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