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

“Made in China 2025” is Beijing’s industrial plan to dominate high-tech industries including robotics, aerospace and computer chips. The Trump administration argues China is using the plan to give its tech companies unfair advantage over foreign rivals. But what is it exactly?
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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...