US to Hold Economic Talks With Asian Nations to Counter China

The video discusses the Indo-Pacific Economic Framework (IPEF), a non-traditional trade agreement initiated by the US and involving 13 other Asia-Pacific countries. Unlike traditional FTAs, IPEF focuses on improving supply chains, clean energy, and infrastructure rather than cutting tariffs. It represents significant US economic engagement in the region since the US withdrew from the TPP. The framework aims to foster cooperation among like-minded countries, with geopolitical implications as global leaders like Putin and Xi Jinping engage in parallel meetings. The IPEF countries account for about 40% of global GDP, highlighting its economic importance.

What is the primary focus of the Indo-Pacific Economic Framework (IPEF)?

• Cutting tariffs

• Improving supply chains and clean energy initiatives

• Increasing military presence

• Expanding digital trade

How many countries are involved in the IPEF along with the United States?

• 14

• 13

• 12

• 10

What is a major criticism of the IPEF?

• It lacks specific details

• It excludes major Asian economies

• It focuses too much on military alliances

• It increases tariffs

What percentage of global GDP do the IPEF countries represent?

• 40%

• 30%

• 50%

• 20%

Which two leaders are mentioned as meeting in the geopolitical context of the IPEF?

• Joe Biden and Justin Trudeau

• Narendra Modi and Shinzo Abe

• Xi Jinping and Vladimir Putin

• Angela Merkel and Emmanuel Macron