U.S.’s Re-Entry in Pacific Trade Deal Would Come at a Price

Other nations, and Washington, likely will each seek concessions on a new TPP

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WASHINGTON—White House efforts to rejoin the Trans-Pacific Partnership face big challenges and negotiations that could stretch out beyond President Donald Trump’s first term, trade experts say.

The president first mentioned the possibility of re-entering TPP at a January conference of business elites in Davos, Switzerland. There was no follow-up of any kind, administration officials say, adding that TPP wasn’t a priority.

This...