(Central News Agency, Fort Dodge, Iowa, comprehensive foreign news report on the 18th) Former U.S. President Trump said today that if he wins the 2024 election and returns to the White House, he will cancel the “Indo-Pacific Economic Architecture” of the Pacific trade agreement that President Biden is promoting ( IPEF).
Speaking to supporters in Iowa, Trump said he opposed the regional trade deal negotiated by the Biden administration with 13 other countries because it would hollow out U.S. manufacturing and cause unemployment.
Negotiations on the trade component of IPEF aim to provide the region with an alternative to China’s growing trade influence, but have stalled in recent days as some countries, including Vietnam and Indonesia, have refused to commit to improving labor and environmental standards.
Trump, who withdrew from the Trans-Pacific Partnership (TPP) after taking office in January 2017, said today that if he is elected this time, he will immediately “abolish” what he calls “TPP No. 2” – the Indo-Pacific economy – after taking office. architecture.
Trump said at a rally in Fort Dodge, about 150 kilometers north of Des Moines: “Under the next administration…Biden’s ‘TPP Two’ plan will be on day one.” Declare failure.”
The Biden administration had hoped to complete key chapters of the IPEF trade initiative in time for this week’s Asia-Pacific Economic Cooperation (APEC) meeting, trade experts and business groups said. Biden has vowed to continue talks on the ambitious deal, but an election year Pressure and resistance from some countries to strict commitments make a deal unlikely. (Translator: Zheng Shiyun/Verification: Yan Siqi) 1121119
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