Trump hinted that the US may rejoin the TPP free trade agreement but it is contingent on a ‘much better deal’ for the US. The initial agreement would cost a ‘tremendous’ number of jobs being lost in the US and Trump deems that a very bad deal.
This announcement took place a joint news conference with Australian Prime Minister Malcolm Turnbull on Friday. Trump discussed the trade relationship between the US and China. He emphasized his personal relationship with Chinese President Xi Jinping although he did criticize China’s policies as unfair on the US workers. He cited China’s overproduction of steel and the violations of intellectual property.
China indicated that it may retaliate against any penalties levied against them.