Dozens of major industry groups blast administration’s IPEF approach

The Biden administration’s approach to the Indo-Pacific Economic Framework for Prosperity threatens to endanger U.S. interests in the region and beyond, a broad group of major U.S. business and industry groups charged on Friday, just ahead of an IPEF ministerial in Detroit. In a May 26 letter to U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, who are leading the four-pillar IPEF talks, the groups say that while the launch of IPEF was welcomed by the “business and...