Source: Jenna Hoffman, AGWEB, 5/24/22


President Biden spent last weekend at the Quad Summit 2022 in Tokyo, Japan. During the visit, Biden announced a dozen Indo-Pacific countries will join the U.S. in a “sweeping” economic initiative, termed the Indo-Pacific Economic Framework (IPEF), primarily focused on countering China. Australia, India, Japan, South Korea and New Zealand, among seven other Southeast Asian countries—not including Taiwan—makeup the IPEF. These countries account for roughly 40% of the global GDP, according to the White House.

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