Setback: trump wants to rebuild the TRANS-Pacific partnership

The President of the United States , Donald trump intends to resume the TRANS-Pacific partnership (TPP). He said this on Thursday during a roundtable with congressmen and governors. The President said that he had instructed his advisers to study the possibility of concluding a new agreement with Asian countries.

It is noteworthy that one of the first decisions trump as President of the country was the release of trade agreements with 11 countries in the Pacific rim. Initially, this initiative has not attracted much attention, as it was considered by the previous administration of President Barack Obama — as a measure to push China to implement economic reforms. As for Donald trump, as a candidate for U.S. President, he emphasized on the fact that output of the TPP will benefit the economy of the country.

But representatives of American business have repeatedly said that this decision has a negative impact on their income. The initiative of renewal of the agreement with TTP was supported by members of the Pro-presidential party, having written the President an open letter.

According to experts, the decision on the issue trump has spurred the need to protect the agricultural market of the US started a trade war with China, because we had the farm products of the States, who gave the majority vote for trump.