President Donald Trump Tuesday night appeared to back away from possibly supporting the massive Trans-Pacific Partnership trade pact, tweeting that the deal has “too many contingencies and no way to get out.”
“While Japan and South Korea would like us to go back into TPP, I don’t like the deal for the United States. Too many contingencies and no way to get out if it doesn’t work. Bilateral deals are far more efficient, profitable and better for OUR workers. Look how bad WTO is to U.S.,” the president tweeted.
His tweet is an about-face from last week, when he also posted to Twitter that he was open to rejoining TPP despite having campaigned against it during the the 2016 presidential election.
The president last week also reportedly told senators, House members and governors from farm states that he directed U.S. Trade Representative Robert Lighthizer and his new economic adviser, Larry Kudlow, to examine whether re-joining the TPP would be good policy.
His Tuesday tweet comes as he is meeting with Japanese Prime Minister Shinzo Abe at Mar-a-Lago in Florida.