Wednesday, 17 October 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Trump Wants to Rejoin Pacific Trade Pact
Friday, 13 April 2018 20:25 WIB | GLOBAL |Global

Japan has cautiously welcomed the news that U.S. President Donald Trump wants to rejoin the Trans-Pacific Partnership.

œIf this means that President Trump is correctly evaluating the significance and effects of the TPP, it™s something we want to welcome, Toshimitsu Motegi, Japan™s trade minister, said Friday. He added that the trade pact is œas delicate as something made of glass, making it difficult to renegotiate any part of the agreement.

Trump ordered his top economic and trade advisers Thursday to look into rejoining the Pacific-rim trade pact that he abandoned last year three days after taking power.

Farm-state lawmakers said after a White House meeting on agricultural trade that Trump told his economic adviser, Larry Kudlow, and U.S. Trade Representative Robert Lighthizer to weigh the benefits of re-entering the Trans-Pacific Partnership ” a deal struck by the Obama administration.

Nebraska Senator Ben Sasse, a Republican critic of Trump's trade policies, said that at one point in the meeting, the president turned to Kudlow and said, "Larry, go get it done." Sasse represents a Midwestern farm state. He called Trump's change of mind on the Pacific trade deal "good news." He said the president has consistently "reaffirmed the idea that TPP would be easier for us to join now."

Trump has often said he prefers bilateral trade deals instead of multinational pacts, believing the U.S. does not fare well in bigger trade deals. It was not immediately clear why he now is open to rejoining the TPP.

Source: voanews

RELATED NEWS
Facebook Now Requires UK Political Ad Buyers to Reveal Identity...
Wednesday, 17 October 2018 09:44 WIB

Facebook mengatakan, dalam usaha meningkatkan transparansi dan mencegah kekeliruan informasi di Inggris, pemasang iklan politik di media sosial itu akan diharuskan mengungkapkan identitas mereka. Per...

Australian PM Considering Recognizing Jerusalem as Israel's Capital...
Wednesday, 17 October 2018 00:08 WIB

Perdana Menteri Australia Scott Morrison mengatakan dia mempertimbangkan untuk mengakui Yerusalem sebagai ibu kota Israel dan memindahkan kedutaan Australia ke sana dari Tel Aviv. Perdana Menteri Mor...

Microsoft Co-Founder Paul Allen Dies at 65...
Tuesday, 16 October 2018 18:41 WIB

Salah seorang pendiri Microsoft, Paul Allen, yang sudah membayangkan peran komputer pribadi yang tak tergantikan lebih dari 40 tahun yang lalu, meninggal dalam usia 65 tahun, Senin (15/10). Keluarga ...

Koreas Resume High-Level Talks as Moon Presses for Sanction Relief...
Tuesday, 16 October 2018 10:10 WIB

Korea Utara dan Korea Selatan hari Senin (15/10) mengadakan pembicaraan tingkat tinggi di zona demiliterisasi yang dijaga ketat. Menteri Unifikasi Cho Myoung-gyon memimpin delegasi beranggotakan lima...

Germany Deporting Convicted 9/11 Suspect to Morocco...
Tuesday, 16 October 2018 01:14 WIB

Jerman sedang mempersiapkan pendeportasian seorang pria Maroko yang dihukum di Hamburg karena membantu tiga dari para penyerang 11 September ketika mereka bersiap untuk menyerang New York dan Washingt...

LATEST NEWS
Nikkei Hits 6-Day High as Tech Shares Track U.S. Gains

Japan™s Nikkei share average hit a six-day high on Wednesday, continuing its recovery from last week™s sharp downturn with technology stocks supported by a turnaround in their Wall Street peers. The Nikkei was up 1.59 percent at 22,907.73...

Facebook Now Requires UK Political Ad Buyers to Reveal Identity

Facebook says that anyone who takes out a British political ad on the social media platform will now be forced to reveal their identity, in a bid to increase transparency and curb misinformation. The company said Tuesday that it will also require...

Dollar Consolidates, Yen Weakens as Risk Sentiment Improves

The dollar was little changed against most of its major peers on Wednesday but made gains against the yen as upbeat Wall Street earnings turned global sentiment away from safe haven assets. The three main Wall Street indexes each rose by more than...

POPULAR NEWS
Gold Rally Rolls On
Tuesday, 16 October 2018 04:14 WIB

On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this...

Pressure Set to Resume For Wall Street as Stock Futures Pitch Lower
Monday, 15 October 2018 16:53 WIB

U.S. stock futures indicated a lower start for Wall Street on Monday, as global stocks failed to join a rally that came late last week on the heels...

Gold Advance as Risks Proliferate From Stocks to Trade
Monday, 15 October 2018 15:47 WIB

Gold advanced as a stock slump resumed in Asia, President Donald Trump hinted at imposing more tariffs on China, and investors tracked tensions...

Gold ends at another multimonth high, but U.S. stock market rally limits the metal's rise
Wednesday, 17 October 2018 01:26 WIB

Gold futures edged up Tuesday to mark another finish at their highest since July, but a rally in the U.S. stock market limited the gains for the...