The Trump administration is pushing to rewrite the Trans-Pacific Partnership (TPP), a free-trade agreement with 11 other nations that President Donald Trump signed into law in March.
The deal is considered the gold standard of trade agreements, and critics say it has weakened U.S. workers, consumers, and companies alike.
But the president has repeatedly said he would like to revise the deal to make it more in line with his vision of free trade.
And Trump has repeatedly expressed his desire to get the deal back on track.
But there’s little evidence the administration is ready to do so.
As the Wall Street Journal reported, the administration appears to be in a hurry to pass a new TPP.
In a letter sent to the U.N. Trade Commissioner, which was first reported by Politico, U.M.P. President Gregory B. Thomas told the commission he wants to amend the TPP in order to “simplify and streamline” the deal.
The new agreement would be modeled after the North American Free Trade Agreement (NAFTA), which has had significant success in creating a new free-trading arrangement between the U, U S., Canada, Mexico, and Australia.
The U.K., France, Germany, Japan, and the United States have all joined the TPP, as have the European Union and China.
However, there are differences between the two agreements, including how much tariffs the U S. pays on imports.
The TPP is expected to include more free trade provisions than NAFTA.
But Thomas said in the letter that the US. is still seeking to get TPP renegotiated, as it is still being negotiated.
The letter was sent Friday.
The Trump White House has previously expressed an interest in revising the TPP.
“We have the best negotiators in the world in the NAFTA area, but we have to go to the table and make sure we’re negotiating on a level playing field and fair to everybody,” Trump said at a recent rally.
But, in the latest letter, Thomas wrote that the president was “confident” that the TPP could be amended to make the U s, U, Canada, and Mexico more competitive.
“These new revisions to the TPP will ensure that the United Nation’s leading negotiators are able to achieve their goals of reducing trade barriers, enhancing U. S. manufacturing, and fostering the global supply chain for U.s. exports,” Thomas wrote.
The administration is also pushing to revise its trade policy in order “to reduce the trade imbalance” between the United S S. and Canada and Mexico, the letter states.
“With the implementation of these new revisions, we can now achieve our stated objectives of reducing U. s. trade deficit and promoting the global growth of the global economy,” the letter stated.