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The Latest Breaking News from IPEF

Trump’s tariffs are nothing new – NZ’s real problem is the failing free trade system itself

Headlines following Donald Trump’s election victory focused largely on the influence of personalities, such as Elon Musk or Robert Kennedy junior, and single issues, such as how US tariff hikes would affect New Zealand’s exports.

The Conversation

Joe Biden 'quietly shelves trade deal with UK ahead of presidential election'

JOE Biden has reportedly shelved a trade deal with the UK ahead of the 2024 presidential election.

The National (Scotland)

Democrats divided over Biden’s move on digital trade - Roll Call

A move to withdraw U.S. support for digital trade provisions has congressional Democrats taking opposite sides.

Roll Call

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Biden tells Asia-Pacific leaders US 'not going anywhere' as it looks to build economic ties

President Joe Biden on Thursday made America's case to national leaders and CEOs attending the Asia-Pacific summit that the United States is committed to high standards in trade and to partnerships that will benefit economies across the Pacific.

France 24

Fresh off meeting with China's Xi, Biden is turning his attention to Asia-Pacific economies

President Joe Biden will address a group of CEOs grappling with the risks to their businesses from world crises

The Independent UK

India, U.S., 12 other IPEF members ink supply chain resilience agreement

India, the U.S. and 12 other members of the Indo-Pacific Economic Framework For Prosperity (IPEF) grouping have signed a supply chain resilience agreement that would provide benefits such as potential shifting of production centres in critical sectors and mitigating risks of economic disruptions from supply chain shocks.

The Hindu

Australia rocks US market as China chews lobster, beef

Trade Minister Don Farrell is heading to the United States to shore up Australia's critical mineral markets as it works to diversify exports from China.

AAP

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The problem with the ‘70 hours a week’ line

With the developed world veering towards strict enforcement of ILS across global supply chains, India Inc. can ill-afford to support a weakening of labour rights

The Hindu

Nod for game-changer jet engine technology transfer expected soon: U.S. Ambassador Eric Garcetti

U.S. Ambassador Eric Garcetti expects Congressional approval for the GE-HAL jet engine deal between India and the U.S. to come through soon. He believes trade ties could be strengthened if India reduces tariffs and has more predictable regulations. Ahead of President Biden's visit to Delhi for the G-20 summit, Mr.…

The Hindu

Thailand, 11 other Indo-Pacific nations vow to fortify supply chains

Ministers from Thailand, the United States, Japan and 11 other Indo-Pacific nations agreed Saturday to strengthen supply chain resilience for critical items such as semiconductors and medicines to respond more promptly to emergencies.

Bangkok Post

This strategic-economic bloc will only tighten the leash

For India, a strategic partnership with the United States need not come at the cost of economic dependency on it

The Hindu

Can the region be an epicentrum of growth?

'Asean as an Epicentrum of Growth" is the theme of Indonesia's 2023 Asean chairmanship. Is it a reliable and attainable vision? Whilst some may be optimistic about the vision's potential, for us, it sounds more like jargon than a vision.

Bangkok Post

Critics say Big Tech uses trade deals to avoid data privacy laws

WASHINGTON — Tech companies are using international trade agreements to conceal software codes behind artificial intelligence programs as well as circumvent U.S. legislation that could curb the industry’s freewheeling use of consumer data, according to lawmakers and advocacy groups.

Tribune News Service

Critics say Big Tech uses trade deals to avoid data privacy laws - Roll Call

Some Democrats and advocacy groups say Big Tech companies are using international trade deals to circumvent data privacy laws.

Roll Call

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Bangkok Post

Asean sticks to peace agenda in Ukraine

This week marks the first year of Russia's invasion of Ukraine. The biggest war in Europe since World War II will continue as nobody knows when, or if ever, Russia or Ukraine will be defeated. Certainly, the US and Europe, or rather Nato are confident that more military hardware support…

Bangkok Post

Floating trade views amid balloon snafu

Geopolitical tensions are expected to ratchet up after American jets downed four flying objects in the past 10 days, including a suspected Chinese spy balloon off the Carolina coast on Feb 4.

Bangkok Post

Indo-Pacific economic talks begin

Japan, the United States, Australia and other nations on Saturday opened their first in-person round of negotiations aimed at setting economic rules and standards in the Indo-Pacific amid China’s growing clout in the region.

The Conversation

What is the Indo-Pacific Economic Framework, about to be negotiated in Brisbane?

Australia is about to play host to negotiators from 14 countries involved in the Indo-Pacific Economic Framework (IPEF) over six days in Brisbane from Saturday.

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Reuters

Australian minister urges greater U.S. economic engagement with Indo-Pacific

Australia's Foreign Minister on Wednesday praised Washington's commitment to Indo-Pacific security but said its departure from a regional trade pact was still being felt and that enhanced U.S. economic engagement with the region should be a priority.

Al Jazeera

US Treasury Secretary Yellen looks to India for ‘friend-shoring’

Mutual concern over China has drawn US and India closer in recent years, including to reorient supply chains.

Bangkok Post

Apec 2022: Miss it at your own peril

After dilly-dallying for some time, President Joe Biden informed the Thai government that he will not attend the Asia Pacific Economic Cooperation Leaders' meeting (APECLM) on Nov 18-19. The reason is quite simple: He is attending the wedding of his granddaughter at the White House. Instead, he is sending Vice…

Tribune News Service

Path uncertain for US-Taiwan free trade deal despite Hill support

TAIPEI, Taiwan — As Congress grapples with how best to support Taiwan in the years ahead against China’s growing bellicosity, the one action many experts and lawmakers believe could most reduce the risk of war is one of the more politically and diplomatically difficult ones for the Biden administration to…

Roll Call

Path uncertain for US-Taiwan free trade deal despite Hill support - Roll Call

The U.S. Trade Representative is taking the lead in trade talks with Taiwan, with the first round expected to take place this fall.

The Hindu

Geopolitics without geoeconomics, a fool’s errand

India’s current policy of pursuing geopolitical ends without geoeconomic ballast is a regressive step

The News Lens

‘Worse Than MAGA’ – South Korea Erupts Over Biden’s Trade Policy

The U.S. is offering tax credits of up to $7,500 to buyers of electric vehicles assembled in North America, making those manufactured overseas more expensive.

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