The balance of power is shifting.
The Chinese certainly don't consume as much per person as Americans... but they probably wish they could.
Of course Congress is the tricky part. Trump pulled the USA out as he was essentially a Democrat in terms of trade protectionism - a very odd position for a Republican. Congress is split but I could see the Republican Senate passing it. The question is will enough a Democrats in the House agree to it? Likely a very divisive issue between the Liberal (maybe yes) and Progressive (no) sides.
It has been demonized by the conservatives, or anti-globalists from both parties, here in US. With PA/WI/MI being the king maker in past 2 elections in US, I dare any president would go that far to agonize the voters in those states, even though it might be strategically right choice to stabilize US's influence in Asia.
I do wonder if there’s enough of a bi-partisan coalition (east coast wealthy liberals, west coast states that would benefit, Texas conservatives, etc) to push it. But you’re right that both sides see those states as strategically important and it’s doubtful Biden would want to approve it since that could be poison next election.
This is from the 2015 session where TPP fast track was debated.
The average Republican member received $19,673.28 from corporate TPP supporters.
The average Democrat received $9,689.23 from those same donors.
Source: https://thenewamerican.com/corporations-bribe-senators-to-vo...