USTR Assures Steelworkers That IPEF Isn't TPP 2.0
U.S. Trade Representative Katherine Tai, speaking at the United Steelworkers convention, told union leaders and members explicitly that the Indo-Pacific Economic Framework for Prosperity is not a repeat of the Trans-Pacific Partnership. She said the administration learned lessons from TPP, and "[b]ecause of that, tariff elimination is not on the table."
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"A point of emphasis for me in the IPEF -- one I have taken from the USMCA -- is the importance of corporate accountability in our trade policy," she added. "We need to hold corporate actors accountable when they violate labor laws. Through the IPEF, we are promoting a race to the top."