US President Barack Obama’s administration has suspended its efforts to win congressional approval for his Asian free-trade deal before US president-elect Donald Trump takes office, saying on Friday that the Trans-Pacific Partnership’s (TTP) fate was up to Trump and Republican lawmakers.
Administration officials also said Obama would next week try to explain the situation to leaders of the 11 other countries in the pact when he attends a regional summit in Peru.
Obama’s Cabinet secretaries and the Office of the US Trade Representative (USTR) had been lobbying lawmakers for months to pass the 12-country TPP deal in the post-election, lame-duck session of US Congress.
However, Trump’s stunning election victory that sends him to the White House in January and retains Republican majorities in Congress has stymied those plans.
“We have worked closely with Congress to resolve outstanding issues and are ready to move forward, but this is a legislative process and it’s up to congressional leaders as to whether and when this moves forward,” USTR spokesman Matt McAlvanah said in a statement.
On Wednesday, US Senate Majority Leader Mitch McConnell said he would not take up the TPP in the weeks before Trump’s inauguration and said its fate was now up to Trump.
US House of Representatives Speaker Paul Ryan had earlier said he would not proceed with a lame-duck vote.
Trump made his opposition to the TPP a centerpiece of his campaign, calling it a “disaster” and “a rape of our country” that would send more jobs overseas.
His message opposing free trade and pledges to stem the tide of imported goods from China and Mexico won him massive support among blue-collar workers in the industrial states of Ohio, Michigan, Wisconsin and Pennsylvania, helping to swing the election his way.
Trump has said he will scrap the TPP, renegotiate the 22-year-old North American Free Trade Agreement and adopt a much tougher trade stance with China.
The TPP agreement, negotiated for more than five years and signed in October last year, was aimed at reducing trade barriers erected by some of the fastest growing economies in Asia and boosting ties with US allies in the region in the face of China’s rising influence.
White House Deputy National Security Adviser Wally Adeyemo on Friday told reporters that Obama will tell TPP member countries at the APEC summit that the US will remain engaged in Asia, and that it recognizes the benefits of trade and such deals still make sense.
“In terms of the TPP agreement itself, McConnell has spoken to that and it’s something that he’s going to work with the president-elect to figure out where they go in terms of trade agreements in the future, but we continue to think that these types of deals make sense, simply because countries like China are not going to stop working on regional agreements,” Adeyamo said.
China, leading talks on a deal seen as an alternative to the TPP — the Regional Comprehensive Economic Partnership — this week said that the Pacific Rim area needs a free-trade deal as soon as possible and that it would seek support for one during the APEC summit.
GEARING UP: An invasion would be difficult and would strain China’s forces, but it has conducted large-scale training supporting an invasion scenario, the report said China increased its military pressure on Taiwan last year and took other steps in preparation for a potential invasion, an annual report published by the US Department of Defense on Wednesday showed. “Throughout 2023, Beijing continued to erode longstanding norms in and around Taiwan by employing a range of pressure tactics against Taiwan,” the report said, which is titled “Military and Security Developments Involving the People’s Republic of China (PRC) 2024.” The Chinese People’s Liberation Army (PLA) “is preparing for a contingency to unify Taiwan with the PRC by force, if perceived as necessary by Beijing, while simultaneously deterring, delaying or denying
PEACEFUL RESOLUTION: A statement issued following a meeting between Australia and Britain reiterated support for Taiwan and opposition to change in the Taiwan Strait Canada should support the peaceful resolution of Taiwan’s destiny according to the will of Taiwanese, Canadian lawmakers said in a resolution marking the second anniversary of that nation’s Indo-Pacific strategy on Monday. The Canadian House of Commons committee on Canada-Chinese relations made the comment as part of 34 recommendations for the new edition of the strategy, adding that Ottawa should back Taiwan’s meaningful participation in international organizations. Canada’s Indo-Pacific Strategy, first published in October 2022, emphasized that the region’s security, trade, human rights, democracy and environmental protection would play a crucial role in shaping Canada’s future. The strategy called for Canada to deepen
TECH CONFERENCE: Input from industry and academic experts can contribute to future policymaking across government agencies, President William Lai said Multifunctional service robots could be the next new area in which Taiwan could play a significant role, given its strengths in chip manufacturing and software design, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman and chief executive C.C. Wei (魏哲家) said yesterday. “In the past two months, our customers shared a lot of their future plans with me. Artificial intelligence [AI] and AI applications were the most talked about subjects in our conversation,” Wei said in a speech at the National Science and Technology Conference in Taipei. TSMC, the world’s biggest contract chipmaker, counts Nvidia Corp, Advanced Micro Devices Inc, Apple Inc and
LEAP FORWARD: The new tanks are ‘decades more advanced than’ the army’s current fleet and would enable it to compete with China’s tanks, a source said A shipment of 38 US-made M1A2T Abrams tanks — part of a military procurement package from the US — arrived at the Port of Taipei early yesterday. The vehicles are the first batch of 108 tanks and other items that then-US president Donald Trump announced for Taiwan in 2019. The Ministry of National Defense at the time allocated NT$40.5 billion (US$1.25 billion) for the purchase. To accommodate the arrival of the tanks, the port suspended the use of all terminals and storage area machinery from 6pm last night until 7am this morning. The tanks are expected to be deployed at the army’s training