Australia: ‘No chance’ of US trade deal before November 2018 election
Posted November 24, 2018 12:10:09 Australia is preparing to give its best shot at securing a free trade agreement with the United States before the November 2018 federal election.
Key points:US President Donald Trump has been pushing for a trade deal with Australia for decadesBut Mr Trump has not had a clear plan for how the talks will proceed”The United States is the only country that’s going to have the power to veto any agreement that Australia comes up with,” Mr Trump told ABC’s Lateline program last week.
“I think they’ll probably just be happy that we’re going to be the first country that has the power of veto.”
Key pointsUS President Trump said he hoped for a “major breakthrough” on trade negotiations with Australia before the electionIn a tweet this week, he described the talks as a “big breakthrough”.
Mr Trump has said he wants to move ahead with trade talks with a US-Australia free trade deal after the November elections, but has not yet outlined what he will do to win over sceptical voters.
“If you’re going into the election with a trade agenda, the United State is going to veto anything you do.
I would have been happy to give them a major breakthrough, but that’s not happening,” Mr Spicer said.”
So, what we’re seeing is the Trump administration, the President, not being very happy about how the negotiations are going.”
Mr Trump made his comments in response to a question about the potential impact of the US withdrawal from the Trans-Pacific Partnership (TPP), a trade agreement that was signed in the early 2000s between the US and 12 Pacific Rim countries.
“Well, we’re getting ready to move on, and we’re not going to leave until we’re totally done with it.
So, I hope for a major victory in November,” Mr White House press secretary Sean Spicer said last week in response.”
And that’s the best thing we can hope for, to be able to have a major, major, significant breakthrough in trade and economic ties in a very short period of time.”
In the last two weeks, US Trade Representative Robert Lighthizer has held talks with US officials in Washington and New York, where he has discussed the trade talks.
In the past week, US negotiators have met with representatives from Vietnam, China, Japan, the European Union and the Asian Development Bank.
Mr Spicer said US negotiators had been working to reach an agreement with Mr Trump’s administration and the Senate.
“We have worked very closely with the president to ensure that there’s a significant amount of confidence in the president that we can get to a deal,” he said.
Topics:world-politics,international-aid-and-trade,government-and/or-politics-and%E2%80%99-parties,united-statesFirst posted November 24, 2017 19:35:48More stories from Western Australia