The US and China will have a trade dispute at the WTO later this month, with US President Donald Trump and Chinese President Xi Jinping expected to declare a war over the trade deal.
The Trump administration has made no secret of its hostility towards the TPP, with the president saying it was “not going to happen”.
A trade war would be a potentially devastating blow to US-China relations, and would likely result in the US withdrawing from the agreement.
However, it would also be a major diplomatic victory for Trump, who has repeatedly made clear he will never back down from his demands for a free trade deal with China.
Mr Trump is expected to launch his campaign for the presidency on Wednesday, while his administration has been busy promoting the TPP.
The White House has also announced the withdrawal of its ambassadors from New Zealand and Australia in protest at the TPP’s ratification.
There is no sign that the administration has given up on the deal, with White House Chief of Staff John Kelly suggesting on Wednesday that the US would push ahead with its trade dispute.
“If they don’t go through with it, we’ll go ahead with it,” he said.
“And if they don.
The TPP has been negotiated in secret, it’s been negotiated behind closed doors, and there’s no question of the fact that the United States is going to make sure that we get the TPP through.” “
There is no question about it.
The TPP has been negotiated in secret, it’s been negotiated behind closed doors, and there’s no question of the fact that the United States is going to make sure that we get the TPP through.”
The White Star Line, a US-based trade advocacy group, said on Wednesday it was not expecting the trade war to cause a big dent in the White House’s approval rating, which has been around a healthy +5 percentage point since January.
The group noted that only two out of four of its members are backing the TPP this time around.
Mr Kelly said on Tuesday that the White Houses withdrawal from the TPP was not a “major political defeat”, but rather a result of a process that would be followed in a trade case, in which the US, China and other nations would argue for a “new agreement” that would meet the US’s standards.
Mr Yang said on the same day the White houses withdrawal was expected, China’s president, Xi Jinping, said the agreement was “more important than ever”.
“The United States will continue to promote the Trans-Pacific Partnership with China and China-led Asian Infrastructure Investment Bank,” Mr Yang told a press conference.
“I hope this meeting can be beneficial to all parties, especially to our economy, and that the process can be streamlined, so that we can work together for a better future.”