President Donald Trump to turn back to Trans-Pacific Partnership?

According to reports in the American media, President Donald Trump has told officials to look into perhaps joining the Trans-Pacific Partnership (TPP), even though he rejected it when he first became president.

Former President Obama had set the ground work for the TPP with Pacific countries that have big economies like Australia, Japan, Vietnam and Singapore. The idea of the TPP was to reduce tariffs & trade barriers whilst also combating China’s influence in the region.

President Trump was originally against the idea because supposedly ‘foreign’ companies could take away American jobs and manufacturing. Apparently it’s not such a bad idea after all.

It would mostly be a good thing if the US were to join the TPP. It’s the biggest economy in the world, which should help Australian exporters. Australian agricultural in-particular could be a beneficiary, although food stocks should already benefit due to trade with the countries that are part of the TPP, like Japan.

A trade deal alone isn’t enough to justify a purchase of Australian Agricultural Company Ltd (ASX: AAC), Graincorp Ltd (ASX: GNC), Rural Funds Group (ASX: RFF) or Bega Cheese Ltd (ASX: BGA) but it could give them a boost.

Foolish takeaway

Investors would be foolish (with a little ‘f’) to rely on Donald Trump following through with his decisions. I hope President Trump does see sense and works with other countries, but there’s a long way to go before the US joins up with the TPP.

For now, I’d much rather invest in these top shares which should grow regardless of trade deals.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Tristan Harrison owns shares of RURALFUNDS STAPLED. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!