Former US President Donald Trump has expressed his opposition to the Indo-Pacific Economic Framework (IPEF), Asia trade agreement promoted by President Joe Biden, if he is elected in 2024. According to Trump, the agreement will hurt US industry and result in job losses. Negotiations on the IPEF have faced setbacks, with countries like Vietnam and Indonesia hesitant to commit to strong labor and environmental standards. Trade experts predict a deal is unlikely due to election-year pressures and resistance from some countries. Trump’s pledge to scrap the IPEF could further complicate the deal’s future.

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