Trade Wars and Trump: Why the U.S. Might Rejoin the TPP

Thursday morning, President Donald Trump announced that he had directed his economic adviser Larry Kudlow and U.S. Trade Representative Robert Lighthizer to look into rejoining the Trans-Pacific Partnership (TPP). To remind readers, the TPP was the subject of bipartisan scrutiny during the 2016 election cycle – every major candidate denounced the deal. President Trump withdrew the U.S. from the TPP within days of assuming office, a decision that was praised by certain American industries. Rejoining the TPP is a major policy reversal, and the big question is: why now? Trump’s policy flip-flop is, first and foremost, the result of...

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