Tai: IPEF’s lack of market-access focus a ‘feature, not a bug’

The Biden administration’s decision not to pursue trade tariff liberalization via the Indo-Pacific Economic Framework for Prosperity is a "feature” and not a “bug" in an evolving approach to trade designed to avoid past mistakes that have kept globalization from effecting equitable change or preserving peace, U.S. Trade Representative Katherine Tai said on Tuesday. Speaking at a National Association for Business Economics conference, Tai – asked to discuss criticism of the IPEF’s lack of traditional market-access focus – referenced a...