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Biden's Asia policy

Indo-Pacific Economic Framework is not an FTA: 5 things to know

Tailored pact seeks to counter China's clout while protecting U.S. workers

Like the Trump administration before it, the Biden administration takes the position that unfettered trade liberalization hurts American workers. (Source photo by Reuters) 

TOKYO -- U.S. President Joe Biden will launch a new economic framework for the Indo-Pacific during his stay in Tokyo early next week, with Washington hoping to boost its economic presence in the region to counter China's influence.

From strengthening supply chains to setting rules for the digital economy, the Indo-Pacific Economic Framework (IPEF) is designed as a tool to bolster U.S. cooperation with its Asian partners.

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