Trump says he doesn't like TPP deal for United States, citing restrictions


Tweeting from his Mar-a-Lago club in Florida, Trump wrote, "Too many contingencies and no way to get out if it doesn't work".

However Trump indicated last week he might reopen talks on the trade agreement.

"I don't want to go back into TPP, but if they offered us a deal that I can't refuse, on behalf of the United States, I would do it", Trump said.

Withdrawing from a 12 member agreement contract that was negotiated under the tenure of Barack Obama and the Trans Pacific Partnership was one of the first steps taken by President Donald Trump when he stepped into the presidency.

Larry Kudlow, the White House economic adviser, earlier downplayed the chance of this the pact.

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CBS News' Margaret Brennan points out that South Korea is not part of TPP, but has a separate free trade deal with the USA known as KORUS.

This accord is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the successor to the Trans-Pacific Partnership (TPP).

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"In the meantime, were negotiating", Trump said.

After meeting with Japanese Prime Minister Shinzo Abe in Florida, Trump suggested there was one area where they would have to agree to disagree: the TPP, which Trump pulled the USA out of days after his inauguration, but has recently said he might be open to re-joining. I don't think he's medically unfit to be president.

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His comments last week came after he unexpectedly indicated the U.S. may rejoin the pact, asking United States trade representative Robert Lighthizer and White House economic adviser Larry Kudlow to take another look at the TPP. "I don't think he is", said Kudlow, without ruling it out. "And I much would prefer a bilateral deal, a deal directly with Japan".

China's aggressive response to Trump's tariffs is aimed squarely at goods produced in the U.S. heartland, a region that helped send him to the White House.

"We'll see how that goes", Kudlow said.

According to the Office of the United States Trade Representative, U.S. goods and services trade with Japan totaled an estimated $270.7 billion in 2016. "It will come up in this summit, no question about it". The issue has constantly consumed Senate GOP meetings on Capitol Hill, and Trump has repeatedly summoned key Republicans to the White House to air out their concerns.

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