And while Trump has since said he is prepared to work with other nations to overhaul the trade deal, it seems likely to be too late. This week, the last of the remaining 11 countries that the U.S. abandoned agreed to move ahead without the United States. Japan and Australia are now the effective leaders of the revised deal, which is likely to be signed in March.

Nonetheless, while Rabobank’s Draijer warned it was “risky to start playing around with these trade agreements,” he said Trump’s openness for future discussions was a sign of “encouragement.”

— CNBC’s Jacob Pramuk contributed to this report.

Source

NO COMMENTS