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USTR’s Peisch: IPEF to have ‘incentives and opportunities’ rather than tariff cuts

May 25, 2022 at 12:50 PM
The Office of the U.S. Trade Representative is well aware that the U.S. must provide some benefits for those partners participating in the newly launched Indo-Pacific Economic Framework, the agency’s general counsel, Greta Peisch, said on Wednesday, but rather than traditional market access – in the form of tariff liberalization – those benefits will come as “incentives and opportunities.” The IPEF was formally launched on Monday with 13 participants while President Biden, USTR Katherine Tai and Commerce Secretary Gina Raimondo...

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