US postpones Asia trade deal rollout after domestic fire

News Snapshot:

After receiving backlash at home, President Joe Biden’s administration said on Monday that it will delay the release of a preliminary trade agreement with Asia, which was scheduled to be disclosed at a meeting in San Francisco. Biden was anticipated to make a significant announcement about significant progress on a tentative trade agreement when he welcomed 20 other members of the Asia-Pacific Economic Cooperation (APEC) conference to San Francisco, where he will meet with Chinese President Xi Jinping off-site. However, trade, the most controversial aspect of the so-called Indo-Pacific Economic Framework for Prosperity (IPEF), still needs improvement, according to Treasury...