Indo-Pacific Deal Sparks Industry Group Clash and Early Win for US in Asia Trade Pact.

The Biden administration has announced a deal with 13 other countries in the Indo-Pacific region to coordinate supply chains, in an effort to lessen the countries’ dependence on China for critical products and allow them to better weather crises like wars, pandemics and climate change. However, prominent business groups expressed reservations about the Indo-Pacific deal, saying it fell short on reducing tariffs and other trade barriers, and that the negotiations were leaving out traditional U.S. trade priorities that could help American exporters.