Daily Expert News
No Result
View All Result
Thursday, June 30, 2022
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home Top Stories

Biden to unveil his economic plan to counter China in Asia

by Nick Erickson
May 23, 2022
in Top Stories
129 4
0
Biden to unveil his economic plan to counter China in Asia
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT



The announcement is one of the highlights of Biden’s visit to the continent, which began last week in South Korea and continues this week in Japan. Before unveiling the Indo-Pacific Economic Framework, which his aides call IPEF, Biden will visit Japan’s Emperor Naruhito and hold bilateral talks with Prime Minister Fumio Kishida, where security issues are likely to arise.
China loomed over each of Biden’s stops, a largely unspoken but ever-present factor in his drive to refocus US foreign policy to focus more on Asia. When he meets on Tuesday with the leaders of a revitalized “Quad” group — the United States, Japan, India and Australia — it will be with the tacit intention of countering Beijing’s attempts to expand its influence among its neighbors. to go.

The economic framework has a similar purpose. Since then, President Donald Trump has withdrawn the United States from the Trans Pacific Partnership – the massive trade deal negotiated under the Obama presidency – the US has had no clear plan to engage this region economically.

ADVERTISEMENT
ADVERTISEMENT

Meanwhile, China has signed several trade deals with its neighbors and has sought to exert its economic influence globally through the Belt and Road Initiative.

The plan Biden is announcing Monday is not a trade deal in the traditional sense. It includes one “pillar” related to trade, but also covers other areas, such as making supply chains more resilient, promoting clean energy and fighting corruption.

By revealing the framework, Biden appears to be acknowledging that he has little intention of rejoining TPP, which is still unpopular with US lawmakers expected to ratify the deal. Instead, he hopes to create an economic atmosphere that can compete with China.

That requires convincing other countries to join — not just staunch partners like Japan and South Korea, but smaller countries, particularly in Southeast Asia, that aren’t as closely tied to the United States.

The plan’s early opponents have suggested it has no incentives — such as lowering rates — in exchange for participating. Biden’s aides suggest that there are other ways to facilitate greater trade and market access, and that the framework itself provides an attractive opportunity for participating countries to work closely with the United States. And if anything, Biden’s announcement on Monday merely reflects the beginning of the plan-writing process.

China has already reacted harshly to the framework, with a senior envoy calling it a “closed and exclusive clique”.

Speaking to reporters aboard Air Force One as Biden traveled from South Korea to Japan, National Security Adviser Jake Sullivan said the criticism was expected.

“It is no surprise to me that China is concerned about the number of countries, the diversity of countries that have shown interest in and enthusiasm for IPEF,” he said. “It’s normal for them to find ways to ask questions.”

ADVERTISEMENT
Tags: AsiaBidenChinacounterDailyExpertNewseconomicplanUnveil

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

Brazilian court orders Bolsonaro to compensate journalist for sexist comments
Top Stories

Brazilian court orders Bolsonaro to compensate journalist for sexist comments

June 30, 2022
R. Kelly sentenced to 30 years in prison for federal racketeering and sex trafficking
Top Stories

R. Kelly sentenced to 30 years in prison for federal racketeering and sex trafficking

June 29, 2022
First on CNN: Cassidy Hutchinson stands by her testimony amid pushback | CNN Politics
Top Stories

First on DailyExpertNews: Cassidy Hutchinson stands by her testimony amid pushback | DailyExpertNews Politics

June 29, 2022
Live Updates: Russia's War in Ukraine
Top Stories

Ukraine recovers 95 Mariupol soldiers from steel mill captured by Russia during prisoner swap, Defense Ministry says

June 29, 2022
covid-19 variants mutations explainer orig jk me_00004314
Top Stories

China lowers travel quarantine, but maintains zero-covid approach

June 29, 2022
Live Updates: Russia's War in Ukraine
Top Stories

Live Updates: Russia’s War in Ukraine

June 29, 2022
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
Sabrina's parents love her. But the meltdowns are too many.

Sabrina’s parents love her. But the meltdowns are too many.

June 1, 2022

Hello world!

0
NDTV News

IT startup Fareye aims to change Unicorn within a year, founder says

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
Brazilian court orders Bolsonaro to compensate journalist for sexist comments

Brazilian court orders Bolsonaro to compensate journalist for sexist comments

June 30, 2022
Coronavirus LIVE Updates: India Records Over 14,000 New Covid Cases, 30 Deaths In 24 Hours

Coronavirus LIVE updates: India records over 14,000 new covid cases, 30 deaths in 24 hours

June 30, 2022
Telangana SSC Results 2022: When And Where To Check Manabadi 10th Result?

Telangana SSC Results 2022: When And Where To Check Manabadi 10th Result?

June 30, 2022
Mother and son charged with murder of 7-year-old Bronx girl

Mother and son charged with murder of 7-year-old Bronx girl

June 29, 2022
ADVERTISEMENT

Recent News

Brazilian court orders Bolsonaro to compensate journalist for sexist comments

Brazilian court orders Bolsonaro to compensate journalist for sexist comments

June 30, 2022
Coronavirus LIVE Updates: India Records Over 14,000 New Covid Cases, 30 Deaths In 24 Hours

Coronavirus LIVE updates: India records over 14,000 new covid cases, 30 deaths in 24 hours

June 30, 2022

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.