News Snapshot:
New Zealand and other nations are set to sign on to President Joe Biden’s signature economic initiative for Asia, Prime Minister Jacinda Ardern said Monday, while still signaling a preference for the U.S. to join a regional trade deal rejected under the Trump administration. Biden’s proposed Indo-Pacific Economic Framework is meant to show the U.S.’s economic commitment to Asia and the Pacific at a time of increased competition for influence with China. Some analysts have said it could struggle for credibility since it doesn’t appear to be a formal economic agreement and may only gather together the existing longstanding allies...
