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.
AIR SUPPORT: The Ministry of National Defense thanked the US for the delivery, adding that it was an indicator of the White House’s commitment to the Taiwan Relations Act Deputy Minister of National Defense Po Horng-huei (柏鴻輝) and Representative to the US Alexander Yui on Friday attended a delivery ceremony for the first of Taiwan’s long-awaited 66 F-16C/D Block 70 jets at a Lockheed Martin Corp factory in Greenville, South Carolina. “We are so proud to be the global home of the F-16 and to support Taiwan’s air defense capabilities,” US Representative William Timmons wrote on X, alongside a photograph of Taiwanese and US officials at the event. The F-16C/D Block 70 jets Taiwan ordered have the same capabilities as aircraft that had been upgraded to F-16Vs. The batch of Lockheed Martin
US President Donald Trump yesterday announced sweeping "reciprocal tariffs" on US trading partners, including a 32 percent tax on goods from Taiwan that is set to take effect on Wednesday. At a Rose Garden event, Trump declared a 10 percent baseline tax on imports from all countries, with the White House saying it would take effect on Saturday. Countries with larger trade surpluses with the US would face higher duties beginning on Wednesday, including Taiwan (32 percent), China (34 percent), Japan (24 percent), South Korea (25 percent), Vietnam (46 percent) and Thailand (36 percent). Canada and Mexico, the two largest US trading
GRIDLOCK: The National Fire Agency’s Special Search and Rescue team is on standby to travel to the countries to help out with the rescue effort A powerful earthquake rocked Myanmar and neighboring Thailand yesterday, killing at least three people in Bangkok and burying dozens when a high-rise building under construction collapsed. Footage shared on social media from Myanmar’s second-largest city showed widespread destruction, raising fears that many were trapped under the rubble or killed. The magnitude 7.7 earthquake, with an epicenter near Mandalay in Myanmar, struck at midday and was followed by a strong magnitude 6.4 aftershock. The extent of death, injury and destruction — especially in Myanmar, which is embroiled in a civil war and where information is tightly controlled at the best of times —
China's military today said it began joint army, navy and rocket force exercises around Taiwan to "serve as a stern warning and powerful deterrent against Taiwanese independence," calling President William Lai (賴清德) a "parasite." The exercises come after Lai called Beijing a "foreign hostile force" last month. More than 10 Chinese military ships approached close to Taiwan's 24 nautical mile (44.4km) contiguous zone this morning and Taiwan sent its own warships to respond, two senior Taiwanese officials said. Taiwan has not yet detected any live fire by the Chinese military so far, one of the officials said. The drills took place after US Secretary