Trump Vows to Kill Asia Trade Deal Pursued by Biden November 19 2023
President Trump, speaking from Iowa on Saturday, said that he would kill off a Pacific trade pact being advanced by Joe Biden.
Speaking to Iowa supporters, Trump said he's against the regional trade deal negotiated by the Biden administration with 13 countries. He argued that it would hollow out U.S. manufacturing and cause job losses.
Talks on trade sections of the Indo-Pacific Economic Framework (IPEF), aimed at offering the area an alternative to the growing trade clout in China, stumbled recently after countries like Vietnam and Indonesia, declined to commit to strong labor and environmental standards.
Recall that President Trump withdrew from the Trans-Pacific Partnership (TPP) trade deal after he took office in January 2017, citing that he would "knock out" what he referred to as "TPP Two" immediately after taking office.
"Under the next administration... the Biden plan for 'TPP Two' will be dead on day one. It's worse than the first one, threatening to pulverize farmers and manufacturers with another massive globalist monstrosity designed to turbocharge outsourcing to Asia."
Biden's administration hoped to finish key chapters of its IPEF trade initiative by this week's Asia-Pacific Economic Cooperation (APEC) meeting. It vowed to continue negotiating the deal, but is unlikely, trade and business experts say.