Is Trump About To Flip Again: Ryan Says "TTIP Good For Global Order"

Tyler Durden's picture

From Obamacare to NATO, and from Ex-Im Bank to Chinese currency manipulators, President Trump has shown he is comfortable changing his mind 'bigly'. Today's exuberant support for "TTIP as good for global order," from Speaker Ryan, following VP Pence's meetings in Japan, raises questions about whether Trump's executive order withdrawing from the Trans-Pacific Partnership (TPP) free trade agreement is the next big flip-flop.

During his presidential campaign, Trump often criticized the TPP agreement and called it a "terrible deal," which is harmful for US workers. On January 23, Donald Trump signed an executive order withdrawing the United States from the Trans-Pacific Partnership (TPP) free trade agreement and promised to renegotiate the North American Free Trade Agreement (NAFTA). The Trump administration was expected to at least delay talks on the TTIP deal, according to media reports.

And then today,. Speaker Ryan, according to Bloomberg News noted that "TTIP was good for global order," adding...

We are more determined than ever to lead. We don't want China to write the rules of the 21st century global economy. We want to do that. We want a level playing field for our businesses. And yes, we want free trade deals, but they have to be smart trade deals. They need to help workers and raise wages. They need to create high-paying, sustainable jobs. The good news is that these are exactly the type of jobs you get from smart free trade agreements. And we must continue to sharpen tools to combat unfair trade practices.

 

Now that Article 50 has been invoked, the UK and EU will determine the best path forward over the course of negotiations. We want the parties to come together and strike a lasting agreement. A strong UK-EU relationship is in all of our best interests.

 

In that same vein, the United States will continue to work closely with our EU friends, and chart a path forward on TTIP negotiations.

And while it's a jump from the Transatlantic Trade and Investment Partnership (TTIP) to the Trans-Pacific Partnership (TPP), as one analyst notes, given his recent backtracking, it's not beyond the realms of possibility...

"Whoever thought that Trump would let China, a rival, off the hook on currency? If he can do that with a country that's clearly not a friend, maybe he could reconsider reversing himself on TPP for a friend like Japan," Sean King, senior vice president of Park Strategies, told CNBC on Tuesday.

Japan was set to be a major beneficiary of TPP, particularly the country's auto sector that would have obtained cheaper access to U.S. markets. Tokyo, which has long lamented the trade pact would be "meaningless" without the U.S., has decided to forge ahead with the other remaining 10 participating nations to revive the deal but many are doubtful of whether the TPP will be a game-changer in Washington's absence.

Trade topped the agenda when Vice President Mike Pence holds talks with Japanese Deputy Prime Minister Taro Aso in Tokyo yesterday as part of a 10-day Asia tour. Pence focused on the prospect of a U.S.-Japan free trade agreement (FTA).

"We [the U.S.] are trying to offer them a poor man's TPP with this FTA idea, but I don't think Japan has any interest in pursuing that. They want to stick with ideas and principles that were hammered out in TPP," said King, specifically referring to intellectual property rights as well as market access.

 

"I think Taro Aso is just going to hear out Pence to be nice to Trump...I don't expect much to come out of these talks, it's going to be a bunch of niceties but no real deliverables."

Trump still has time to change his mind on TPP, King warned, noting that the treaty text remains valid until February 2018.

"Trump said [TPP] was a disaster, but I'm sure the other members would be willing to make concessions to get the U.S. back in, just like South Korea was willing to make concessions to Obama for his endorsement of the U.S.-Korea [free trade agreement]," King said.

 

"He's certainly made greater reversals and claimed victory. Why not do this for our friends who want to stand with us against countries like China and North Korea? I'm all for it."

We can only imagine the reaction in the rust-belt, after being told how distastrous TPP would be for US jobs, if Trump were to spin on this topic too.

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FIAT CON's picture

All Americans should just tweet TRUMP non stop about his betrayal, Don't let him rest.

 Trumps empire could soon go bankrupt with the help of Millions of pissed off people, He is the only president that has had wealth that can dissapear.

 

Vageling's picture

Ryan. Shove your fucking TTIP and attach some explosive to it. WOAR!

Bludklot's picture

I can't help but think that we should give the UK a "no change" deal during their Brexit negotiations to give the EU the finger. Time to go back to bilateral agreements. They are 'way easier to control.

1.21 jigawatts's picture

April 6 was day one of Trump 2.0

biker's picture
biker (not verified) Apr 19, 2017 6:51 PM

Doesn't look good
when an incumbents party
taps someone else.

jamesmmu's picture

Trump got blackmailed? Possible? 

ableman28's picture

Trump is unqualified in terms of temperment or understanding of the issues to be president.  No wonder the russians were willing to help him.  He is a total buffoon.  Really guys, he is clueless when it comes to understanding how complex things are. Simple minded arguments might be attractive campaign slogams and demonizing opponents with utter bullshit like pizza gate might work, (it does work, people are dense, there are numerous contenders for the Edgar Welch dupe of the year award reading this now) but it sure doesn't mean someone is particularly qualified to actually govern.

jamesmmu's picture

If investors starting to realize this, DOW could drop 1k in a day.

Hope it can happen soon.

Sudden Debt's picture

That's it.

Trump is a traitor.

That fucker sold out bigtime.

He's worse then Hillary.

Duc888's picture

So this is actually an ANALyst, shit talking about what he "thinks" Trump might be thinking...

 

"Whoever thought that Trump would let China, a rival, off the hook on currency? If he can do that with a country that's clearly not a friend, maybe he could reconsider reversing himself on TPP for a friend like Japan," Sean King, senior vice president of Park Strategies, told CNBC on Tuesday."

 

....and you're coming all unglued at the seams?

niemand's picture

time to get the pitchforks and torches..eat the elite

Snípéir_Ag_Obair's picture

We could have Quasi-Revolution by Summer.

By which time President Kushner will have us fully embroiled in Syria, Israel would have bombed the last hospital in Lebanon (in self defense of course), and CIA snd/or Israel will set up another obvious false flag the judeocorporate media will uncritically but breathlessly report on in order to get the war with Iran going.

Can't fight Russia and Iran at the same time... but they can surely give more weapons to ukraine, and more 'former' IDF "soldiers" and send ISIS into Moscow, St P, and schools and hospitals throughout the Caucuses.

Eventually, Putin might realize that the best defense is a threat to nuke Israel into oblivion, since Israel is behind, ultimately, US MENA policy and the ISIS golem.

Fuck Trump.

He was supposed to be the Chosen One (or at least better than Hitlery) but he has handed the keys to Zionist Jews.

An aggression that will not stand.

The US and Israel are the world's leading state sponsors of terrorism.

And the false flags are easy when the media is CIA-minded and controlled by Jews.

Duc888's picture

 

 

Where the fuck do you get your information from?  We're not going on the ground in Syria, we're certainly not going to fight Russia...Jeez, take a fucking chill pill.

Trump lobs a few out of date cruise missiles on a rarely used airport and everyone here falls apart like a cheap watch.

Underground's picture

America has the leverage in this with the largest potential market. They can try all they want to sell those 50k dollar cars to Singapore or worse but nothing can compare to Americas consumerism and wallet power. But let's not kid our self's. We all know the tpp is all about extending those patients. Globalism wins again.....

SteveK9's picture

China is not a 'friend', although every item in every store is made in China.  And, Ryan ... FU.  If Trump did this, it's hard to see who he will have left.  Also, very hard to see who might be worth voting for in the next Presidential election, Republicrat or Democan.

Mzhen's picture

Ryan takes his orders from the Chamber of Commerce.

Mzhen's picture

So an obscure financial firm employee named Sean King offers his opinion on CNBC, and suddenly the inference is that Trump's course of action is inevitable from here.

Librarian's picture

Reputations in junior high have been ruined by much less than this.

Duc888's picture

 

 

I know, apparently 90% of the people posting on this thread did not actually READ the article.  The troll-count on this thread is staggeringly high.

samsara's picture

"TTIP was good for global order,"

Pictures thru a parallax view of Ivanka, Baron, Malena , with the words "within 5 years"

I don't know if they know, or care at this point, but they are pouring gas on the fire and rubbing salt in the wounds of the ground swell national mood in the fly over country.

Not a good day in Mudville

ronaldwilsonreagan's picture

You can count on the TPP.

Trucker Glock's picture

TTIP for my bunghole!

Rebel yell's picture

Thanks for reminding me why I stopped watching CNBC and tv altogether!!! The fact that they would call lap dog mattis, Cohn, mnuchin, and whoever else they mentioned, centrists is alarming! I call them tyrannical terrorists and kleptocrats! Paul Ryan is one of th them! He is a a scummy little fascist terrorist weasel who doesn't know when to keep his fucking mouth shut!

IdioTsincracY's picture

Ok .. so, here we have the gun hoarding folks feeling betrayed and talking revolution.

My money is on keyboard-warriors and BS-talk.

Duc888's picture

Actually pinhead, it's the Leftist fucks who are all pro war and rooting for a "revolution".

The Deplorables in fly over country... you know, the 94% of the counties who did not vote for Killary are a little bit more pragmatic than the shitty folks.

We'll just watch all you snowflakes melt and evaporate....

IdioTsincracY's picture

I don't give a flying f*ck about Libtards and Repugturds.

Two sides of the same shit.

Try again, moron!

Mr T's picture

I don't believe the Cesspoolians are rational people. Anybody other than like minded scum would listen to what Ryan says.

 Ryan is now the least popular national politician as measured in polls, 

http://www.opposingviews.com/i/society/trump-ryan-hit-record-approval-lo...

A President ruled by polls would listen to this Speaker of the Cesspool... more actual evidence of what rules us.

Duc888's picture

Ryan ALWAYS supported TTIP.

Trump, not so much.

CAPT DRAKE's picture

Maxine Waters says Trump is one of the government stooges now.  Real deep state shit.  Yea thats right, Trump is now the deep state, he is the swamp.

IdioTsincracY's picture

No sh!t!!

He has filled the WH and the Government with the worst of Wall St.

 

Sonny Brakes's picture

Trump has jumped the shark.

iamerican4's picture

The Anti-Christ wants "global order" free of God-fearing sovereign individuals' concerns.

Ryan is a Vatican agent.

me or you's picture

This will be the nail in the coffin for Trump and the most clearly prove that he is not in charge of anything in the country. 

This will be worst than attacking NK or Iran.

Magooo's picture

Trump = JOKE.

 

You have been PLAYED

Bad_Sushi's picture

He's not going to back TPP, what the fuck kind of trolling goes on here? 

 

Most of zerohedgers must be masochists, that is the only explanation. 

Librarian's picture

Most are so Fake News shocked that they have come to accept a beating with the carrot instead of the stick as a Good Thing.

uhland62's picture

Careful - Trump would not be the first politician who claims to have learned.

People (here the corporates) whisper into POTUS ears on a daily basis. When the corporates see more profits, they are relentless and grind people down. I am glad Hillary did not get in because she was of that ilk who'd have said ' I had another look, I examined it more closely and came to the conclusion ...........' Bloomberg is constantly moaning that TPP did not come into effect. We who'd be afflicted by TPP breathed a sigh of relief that the corporates would not get that power to dictate legislation. 

The Brits were rattled by legislation coming from Brussels, not London. Why would they abdicate their legislative powers through TTIP???

The former East Block countries were ruled by Moscow. Now it's Brussels and difficult but there are benefits. TTIP/TPP rule clips the balls of every country that's in there. We don't want any more deteriration in living standards. 

AGuy's picture

Trump is the one that slipped past Capt Picard:

STNG: 25 Conspiracy
https://www.youtube.com/watch?v=03QKSjBiG2c

(Alien Parasites that take over human host)

Did anyone see a worm wiggling in the back of Trump's Neck?

silverer's picture

I'll be damned. Looks like Hillary is president after all.

FlKeysFisherman's picture

I'll be 64 in a few months and I've seen a lot of politicians break promises but I'm telling you this whole Trump thing is on another level. Look at the crowds that waited hours to see him, look at the desperation on peoples faces. I was there too because I have grandchildren that I care for.

They believed he was going to take a wrecking ball to Washington. His inauguration speech was surreal and he wasn't backing down and then it all went to shit in a few months.

No, we're never coming back from this swindle.

stubb's picture

It's official: Donald Trump is now George Bush. 

jet20's picture

George W. Bush, pretty please.

Regime change in the Middle East for alleged WMDs ... minus the powerpoints

Anonymous IX's picture

"We want a level playing field for our businesses." = screw the American worker

uhland62's picture

The people reject TTIP/TPP rule for the same reasons that the corporates love them.

These "partnerships' allow corporations to dictate legislation via the threat to sue for damages. (You don't let me poison the water with my mining operation? I'll sue you for the costs that I will have to clean up my pollution. Cleaning up pollution is the taxpayers job.)

Why would we be voting for legislators when they are just executing corporates' orders? We then want the coporations on the ballot paper.

Fake Trump's picture

The Art of The Deal to cow China into submission to working together with him to strike North Korea. 

VW Nerd's picture

When Ryan says that TTIP is good for "global order", is he in fact referring to "the new world order"?