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The United States and Australia are working on a “security agreement” that would allow Australia to escape steel and aluminum tariffs set to kick in on March 23, President Trump said on Friday.
“We have a trade surplus with Australia. Great country, long-term partner – we'll be doing something with them. We'll be doing something with some other countries.”
Also, Canada's Trudeau says “we were impressing upon the American administration the unacceptable nature of these proposals that are going to hurt them every bit as much as they are going to hurt us.”
“The most significant Australian political and business delegation to visit the United States.”
Trans-Pacific Partnership member countries have not discussed delaying the deal's conclusion to accommodate possible interest from the United States, Australia’s ambassador to the U.S., Joe Hockey, said on Monday.
Turnbull, who still hopes for a U.S. return to TPP, said last week that trade would be on the agenda for the Feb. 23 meeting.
“We are pleased that progress is being made towards a possible agreement, but there is still some work to be done,” said Canada’s trade minister.
Report: Country leaders are slated to officially approve the deal on Friday.
Country leaders could officially approve the deal on Friday.
The momentum toward an agreement in Vietnam next week “has significantly increased,” said Japan’s Kazuyoshi Umemoto.
PIIE: Direct economic losses for the U.S. “would be modest at first, but greater costs would follow as large economies begin to shape regional rules.”
Reichert: “It is critical we continue to lead in this region, building on the success of existing trade agreements and negotiating strong and ambitious new ones.”
Japan's chief negotiator told reporters the countries have “effectively agreed to suspend rules involving pharmaceutical data protection.”
“We’re all open to evaluating what we can do and what viable alternatives there may be,” said Peru’s deputy trade minister.
“Six months ago, no one thought TPP11 could happen but we've got this far.”
TPP11 negotiators have agreed to meet again in Australia later in the summer.
An Australian paper says lobbying efforts at the G20 summit were successful.
“There’s nothing wrong with change . . . but ultimately . . . we need to start building up, collectively, the direction we all want to head in.”
An interview with New Zealand's trade minister.