President Trump has been in the Oval Office since Friday morning and already he’s working to make good on his campaign promise to renegotiate NAFTA, and officially pull the US out of the Trans-Pacific Partnership (TPP) deal.

Trump insiders in Florida are speculating that the longstanding Australia-US Free Trade Agreement (AUSFTA) may be next on the President’s America First foreign trade agenda.

The chatter and scrutiny stems from an obscure Australian law, the Personal Property and Securities Act (PPSA), and how this law has been used to disadvantage a Florida company, Jacksonville’s APR Energy, and its potential to severely damage virtually any US company of financial institution doing business in the land Down Under.  The law blatantly favors Australian companies and banks.

“What’s happened to APR Energy is outrageous,” said the Jacksonville Mayor and prominent Trump backer, Lenny Curry. “This Florida company has had to lay off workers and lost millions in job-creating revenue because of the egregious and unfair laws of a country that is supposedly one of our closest allies.”

APR has been locked in a protracted legal battle with ANZ Bank in Australia after ANZ used PPSA provisions to seize over $66 million of APR’s power generation equipment that has been leased to an Australian utility company Forge that went bankrupt.

While APR was able to negotiate the return of the turbines and other equipment, they did so by paying ransom by way of a $44 million letter of credit with the ultimate beneficiary being the largest bank in Australia, ANZ, so APR is essentially in a position of buying back their own, previously leased, equipment.

“This is an abuse of the law (PPSA) and an abuse of the friendship between our countries. I’m doing whatever I can to make sure President Trump is paying attention. What’s happening to this Jacksonville company can happen to any US business working in Australia,” said Curry, who says he will speak to Florida Attorney General Pam Bondi about this issue, in addition to officials in the Trump administration, including the Department of Justice.

President Trump’s friend, confidante, and political advisor for more than three decades, Roger Stone, confirmed the newly sworn-in president is, in fact, paying attention.

“The President is aware of situations such as this where US companies are hurt by our supposed trade partners and he’s disgusted. It’s disgusting,” Stone said. “This is the kind of ‘America Last’ stuff that Obama abided by that President Trump simply will not.

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