President Biden Launches Indo-Pacific Trade Agreement With 13 Nations
Newsy
His administration says the deal will help the U.S. and Asian economies work closely on issues including the supply chain, clean energy and more.
President Joe Biden launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is "going to be a haul” before they feel relief. The president said he does not believe an economic recession is inevitable in the U.S.
President Biden, speaking at a news conference after holding talks with Japan’s Prime Minister Fumio Kishida, acknowledged the U.S. economy has “problems” but said they were "less consequential than the rest of the world has.”
He added: “This is going to be a haul. This is going to take some time." In answer to a question, he rejected the idea a recession in the U.S. is inevitable.
