According to the Nebraska senator Ben Sasse, a critic of the administration's trade policy, Trump said "multiple times" that he was deputizing Lighthizer and Kudlow to review re-entry into TPP.
Trump railed against the original TPP and other multilateral trade deals throughout the 2016 campaign, arguing that poorly negotiated trade agreements destroyed United States jobs.
"We have officially terminated TPP", declared Mr. Trump at the order signing.
A week after escalating trade tensions with his threat to impose tariffs on an additional $100 billion in Chinese products, Trump said Thursday the two countries ultimately may end up levying no new tariffs on each other.
The move runs counter to Trump's repeatedly expressed belief that he prefers "bilateral" trade agreements - between the U.S. and one other country - to wide-ranging pacts like TPP and the North American Free Trade Agreement (Nafta), which he has also said should be rewritten or scrapped.
"He looked right at Larry Kudlow and said, 'Larry go get it done, '" Sasse said, recounting the meeting to White House reporters. Midwest farmers fear becoming caught up in a trade war as Beijing threatens to impose tariffs on soybeans and other US crops, a big blow to Midwestern farmers, many of whom are strong Trump supporters.
RNC launches 'LyinComey' website to discredit former Federal Bureau of Investigation director
Maxine Waters (D-Calif.), who is shown saying: "All I can tell you is the FBI Director has no credibility". David Leonhardt gets James Comey , the former F.B.I. director, in ways many Americans don't.
During a February news conference with Australian Prime Minister Malcolm Turnbull, Trump raised the possibility of rejoining TPP if the negotiators offered more favourable terms.
It's unclear how willing the other 11 countries would be to reopen the agreement and make concessions to lure the United States back, though its economic power would likely be an appeal.
Hoeven said the meeting with Trump was a "very positive" meeting about opening up more markets to "free" and "fair" trade. He said it's time to work with a coalition of trading partners to increase pressure on China.
He added, "It is good news that today the President directed Larry Kudlow and Ambassador Lighthizer to negotiate USA entry into TPP". "He's going to get rid of a lot of taxes and tariffs", Trump said of Xi.
But Mr. Trump has also hinted at re-entering the deal if he can secure a "substantially better deal" for the U.S. Agriculture and the business services industry would see gains, but manufacturing output and employment would decrease slightly under TPP. Chuck Grassley and Joni Ernst were among those attending the meeting with Trump. Farm state lawmakers have pushed for greater sales of the higher ethanol blend to boost demand for the corn-based fuel.
An array of business executives are expressing alarm to federal lawmakers Thursday about the impact that tariffs will have on their business.