Apr 12, 2018

Trump is flirting with re-entering TPP talks

Photo: Alex Wong/Getty Images

President Trump deputized his chief economic adviser Larry Kudlow and his top trade negotiator Robert Lighthizer to take a fresh look at at re-entering Trans-Pacific Partnership negotiations, a source with knowledge of the meeting confirmed to Axios. Sen. Ben Sasse told reporters about the meeting earlier today.

Flashback: TPP was spearheaded by Barack Obama and designed in part to counter the rise of China. Trump signed an executive order pulling the U.S. out of the deal in January 2017, and the 11 remaining signatories came to a new agreement in March.

“The president is a guy who likes to blue-sky a lot and entertain a lot of different ideas, but he multiple times reaffirmed the point that TPP might be easier for us to join now … and that we might be the 12th party."
— Sen. Sasse

Worth noting: As Axios' Jonathan Swan has written, "The reason this White House is so bad at tamping down speculation is because the guy in the Oval Office quite likes all the gossip and is constantly floating ideas."

Go deeper: Japan sees the TPP as its key weapon in countering Chinese influence and, like other allies, was frustrated to see the U.S. leave the agreement.

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Exclusive: Global trust in the tech industry is slipping

Illustration: Aïda Amer/Axios

The backlash against Big Tech has long flourished among pundits and policymakers, but a new survey suggests it's beginning to show up in popular opinion as well.

Driving the news: New data from Edelman out Tuesday finds that trust in tech companies is declining and that people trust cutting-edge technologies like artificial intelligence less than they do the industry overall.

"It was 30 years ago, get over it": Mike Bloomberg's partner brushes off NDA concerns

Diana Taylor at a Mike Bloomberg event last month. Photo: Ron Adar/Echoes Wire/Barcroft Media via Getty Images

Diana Taylor, Mike Bloomberg's longtime partner, dismissed the concerns surrounding non-disclosure agreements used at his company, Bloomberg LP, telling CBS News that she would say to those bothered by the allegations, "It was 30 years ago, get over it."

Why it matters: Democratic candidates have used the NDAs as a talking point against Bloomberg, calling on him to allow women to speak about the reported sexual harassment and gender discrimination they faced while working for him.

Trump's opportunity to use Bernie as an economic scapegoat

Illustration: Aïda Amer/Axios. Photos: Zach Gibson/Stringer, The Washington Post/Getty Contributor

Bernie Sanders is poised to become an economic scapegoat for both the White House and Corporate America, assuming that Sanders comes through Super Tuesday unscathed.

The big picture: If the U.S. economy remains strong, President Trump and CEOs will claim credit (as they've been doing for three years). If it turns sour, they'll blame Bernie (even though it's a largely baseless charge).