President Biden says the U.S. would defend Taiwan if it was attacked by mainland China, while insisting that America's policy toward the island had not changed.
Indo-Pacific Economic Framework for Prosperity . The pact, signed by the U.S. and 12 Asian nations, aims to secure industrial supplies, cut carbon emissions and combat corruption. Japan has made clear that it would prefer that the U.
S. join a trade pact which then-President Trump abandoned in 2017. Originally called the, the remaining nations rebranded the TPP and ratified it without the U.S. in 2018. While Biden promised the IPEF would bring"concrete benefits" to its members, the response from some nations has been tepid because it provides no additional access to U.S. markets and is seen as another effort to cut China out of regional trade pacts and supply chains.Despite its reservations, though, Japan sees the IPEF as a plus, said Wallace, because it could serve as a"strategic foundation for continuing U.S. commitment to Asia by deepening U.S.-Japan economic linkages." Biden also received strong backing for the IPEF, and America's policy toward Asia in general, from South Korea's government. President Yoon Suk Yeol, who was inaugurated less than two weeks ago, hailed the U.S. and South Korea's military alliance and shared values at a joint pressYoon's rhetoric on the campaign trail had a harder line on China, but that has yet to materialize. But the tougher stance he promised on North Korea did seem to take shape during Biden's visit.
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