Trump Pledges to Withdraw from Biden's Asia Trade Deal if Elected

The Indo-Pacific Economic Framework, aimed at countering China's influence, faces opposition from Trump and negotiation hurdles with some participating countries.

Former President Donald Trump has pledged to withdraw the United States from the Indo-Pacific Economic Framework (IPEF) if he wins the 2024 election.
The IPEF is a trade deal currently being advanced by President Joe Biden with 13 other countries, aimed at offering the region an alternative to China's growing trade influence.
Trump argues that the deal would hollow out U.S. manufacturing and trigger job losses, referring to it as 'TPP Two', a reference to the Trans-Pacific Partnership from which he withdrew the U.S. in 2017.
Negotiations on the IPEF have stumbled recently as some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.
Despite election-year pressures and resistance from some countries, the Biden administration has vowed to continue negotiating the ambitious deal.