That word sums up President Trump?s realization that maybe the Trans-Pacific Partnership wasn?t such a bad deal, after all. As a candidate, Trump declared the TPP a ?disaster,? and he withdrew the United States from the 12-nation pact during his first week in the White House. But now, Trump has directed his advisers to explore whether there?s a way back in.
The change of heart likely comes as Trump realizes he needs leverage in his trade spat with China?which is exactly what the TPP is supposed to accomplish. The trade deal was intended to develop an Asian trading bloc that could serve as a counterweight to China, as its economic might grows. The pact includes US allies such as Japan, Australia, Canada and Mexico?but not China. It went into effect without the United States this year.