3 Things Trump’s ‘Major Announcement’ on Wednesday Could Be About, Ranked

By NTK Staff | 11.13.2017 @10:00am
3 Things Trump’s ‘Major Announcement’ on Wednesday Could Be About, Ranked

President Trump told reporters on Monday that he will make a major announcement on trade and North Korea on Wednesday. According to Roll Call: President Donald Trump plans to make a major announcement Wednesday on trade and North Korea following his 12-day swing through Asia. “A lot of things are happening on trade. And I’ll […]

President Trump told reporters on Monday that he will make a major announcement on trade and North Korea on Wednesday.

According to Roll Call:

President Donald Trump plans to make a major announcement Wednesday on trade and North Korea following his 12-day swing through Asia.

“A lot of things are happening on trade. And I’ll be announcing pretty much what happened here, and also with other meetings, including China and South Korea and lots of other places,” Trump said during a meeting with his Australian and Japanese counterparts at a summit of Asian leaders in Manila, Philippines.

What could Trump’s announcement, or announcements, be about? We consider the possibilities, ranked by least likely to most likely.

LEAST LIKELY: TPP

Least likely, but a remote possibility, is that President Trump will seek to rejoin the Trans-Pacific Partnership (TPP) on more favorable terms.

Trump withdrew from TPP in January, but according to Reuters the latest joint statement from the Asia-Pacific Economic Cooperation (APEC), which Trump attended, made reference to addressing “unfair trade practices.”

“We will work together to make trade more inclusive, support improved market access opportunities, and address unfair trade practices,” the statement read. “We urgently call for the removal of market-distorting subsidies and other types of support by governments and related entities.”

The comments echoed Trump’s own themes in an address in the resort city of Danang.

POSSIBLE: BILATERAL DEALS

More possible than a TPP renegotiation is some kind of bilateral trade deal. These are the kinds of deals Trump said he wants when he withdrew from TPP in January.

Additionally, in order to ensure these outcomes, it is the intention of my Administration to deal directly with individual countries on a one-on-one (or bilateral) basis in negotiating future trade deals. Trade with other nations is, and always will be, of paramount importance to my Administration and to me, as President of the United States.

Trump has discussed having a bilateral trade deal with Japan in the past. Even the announcement of a beginning to talks would be a victory for both countries.

MOST LIKELY: N. KOREA SANCTIONS

More likely than major substantive announcements on trade is the announcement of new sanctions against North Korea, perhaps, most importantly, from China.

Trump previewed this possibility in a tweet sent Saturday evening (EST).

China has been the most reluctant major country to levy harsh sanctions against the rogue North Korean regime, so any sanctions could represent progress in the effort to stop Kim Jong-un from using nuclear weapons.

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