WASHINGTON (AP) — President Joe Biden is nurturing economic ties this week with Asia, but he's not signing any trade deals at a regional summit in San Francisco.
This fact — no trade deals — reveals a lot about the status of U.S. politics, the evolving global economy and the Biden administration's own ambitions.
The trade pillar is being overseen by U.S. Trade Representative Katherine Tai, while the other three are under Commerce Secretary Gina Raimondo.
WHY TRADE DEALS ARE UNPOPULARIt's simple: Voters say past trade deals caused the loss of factory jobs that hollowed out their hometowns and the Biden administration agrees.
In a June speech, Tai criticized past trade deals.
Persons:
Joe Biden, he's, —, Biden, “, ”, Robert Holleyman, ” Biden, Katherine Tai, Gina Raimondo, Matthew Goodman, Sen, Sherrod Brown, Brown, ” Brown, Republican Donald Trump, Democrat Hillary Clinton, Trump, Tai
Organizations:
WASHINGTON, U.S, Economic Cooperation, Biden, U.S . Trade, ., Greenberg Center, Geoeconomic Studies, Council, Foreign Relations, White, Republican, Democrat, Pacific, China . Trade, Trump, ” Trade, South
Locations:
Asia, San Francisco, IPEF, U.S, Tokyo, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, Ohio, Canada, Mexico, China