Not so fast: U.S. notes interest in re-joining TPP far from guaranteed

US President Donald Trump talks Trans-Pacific Partnership on Twitter

On the heels of bombshell news that President Donald Trump is exploring the possibility of rejoining the Trans-Pacific Partnership, the United States is seeking to contain expectations.

Trump tweets that he would only rejoin the agreement if it’s renegotiated to become substantially better for the U.S.

And the economic adviser he’s tasked to lead the process says it’s still very preliminary.

Larry Kudlow told the Fox Business channel that he just received the assignment Thursday, and that he has no idea if the deal can be improved.

He says the U.S. administration does not have a position on rejoining the agreement — it’s merely exploring the possibility.

There is also skepticism from other countries in the 11-nation deal: Australia’s trade minister says there’s very little appetite for a renegotiation, and Japan’s minister on the file compares the deal to a carefully crafted glass sculpture that would be difficult to change.

Some people, however, would be thrilled to see it reopened: the Canadian auto-parts lobby says it would be pleased to have Trump force changes that would make the agreement friendlier to North American producers.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

International Day of Peace activities planned

Unity Spiritual Education Centre of Nanaimo planning public walk, labyrinth dedication Sept. 21-22

Rain and high winds to hit Vancouver Island this afternoon

Thursday and Friday to see downpour of 20 to 50mm and high winds on Vancouver Island

Last cruise ship of the season stops in Harbour City

Explorer of the Seas port call is the fifth visit to Nanaimo by a cruise ship this year

Nanaimo’s Boxwood Road to get temporary traffic-calming measures

Staff still looking at best ways to slow down traffic on connector

Prolific offender arrested in Nanaimo after sleeping in stolen car

Jackson Filgate, 34, of Nanaimo, faces stolen property, drug charges after being arrested Sept. 18

VIDEO: B.C. deer struggles with life-preserver caught in antlers

Campbell River resident captures entangled deer on camera

Candidate lists finalized for Nanaimo, Lantzville, RDN, school district

Nomination deadline passes in advance of Oct. 20 local government elections

Porsche and Subaru dealerships can proceed with planning in north Nanaimo

City council unanimously allows rezoning application process to move forward

Still too many B.C. seniors in care facilities, on drugs

Seniors Advocate watching use of antipsychotics, opioids

Officials: 3 killed in shooting at Maryland Rite Aid centre

FBI described the Aberdeen incident as an ‘active shooter situation’

The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’

In less than a month, Canada to be first industrialized country to legalize recreational marijuana

Despite protests, Russia’s anti-doping agency reinstated

On a 9-2 vote, the executive committee declared RUSADA as having satisfied conditions

The longest week: Carolinas worn out by Florence

Frustration and sheer exhaustion are building as thousands of people wait to go home seven days after the storm began battering the coast.

Vancouver councillors move ahead with policy for duplexes on detached home lots

Mayor Gregor Robertson says the decision is another step toward adding homes in the city for the so-called “missing middle.”

Most Read