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U.S. President Joe Biden announced his long-planned Indo-Pacific Economic Framework for Prosperity (IPEF) in Tokyo with the backing of a dozen countries from region who seek U.S. economic leadership as a counterbalance to China’s influence.
But while Biden basked in the warm words of support he received from IPEF member leaders at Monday’s launch of the framework, getting the pact to work as advertised could prove a daunting task once he returns to Washington. Adding to the challenge, the U.S. president faces declining poll numbers less than six months before November’s congressional midterm elections.
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