What To Know About The New Ipef Trade Bloc Biden Is Touting In Asia

TOKYO — President Joe Biden faced a dilemma on trade in Asia: He couldn’t just rejoin the Trans-Pacific Partnership that his predecessor had pulled the U.S. out of in 2017. Many related trade deals, regardless of their content, had become politically toxic for U.S. voters, who associated them with job losses. So Biden came up with a replacement.

 

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