TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “One year after withdrawing the U.S. from the Trans-Pacific Partnership, President Donald Trump has asked his top economic advisers to study the possibility of re-entering the trade pact negotiations. Mr. Trump has deputized Robert Lighthizer, the U.S. trade representative, and Larry Kudlow, the director of the National Economic Council, to study the possibility of re-entering the TPP if the terms were favorable, the president told a group of lawmakers on Thursday [4-12-18]. The president’s new openness toward the TPP, which he had said during his campaign was a deal ‘pushed by special interests who want to rape our country,’ comes as he is facing criticism from farmers for his escalating trade battle with China. After Mr. Trump took aim at China with new steel and aluminum tariffs, Beijing responded by announcing it would place penalties on a list of agricultural products that would affect swaths of the president’s political base.”
-Michael C. Bender, “Trump Asks Advisers to Study Rejoining Pacific Trade Pact Talks,” The Wall Street Journal, April 12, 2018 1:24 pm