U.S.-Led Talks With Asian Countries Aims to Reduce Dependence on Chinese Supply Chains

U.S. Secretary of Commerce Gina Raimondo speaks at the Indo-Pacific Economic Framework Ministerial meeting in Detroit, Michigan on May 27, 2023. JEFF KOWALSKY / AFP

The 14-member states of the U.S.-led Indo-Pacific Economic Framework (IPEF) met in Detroit on Friday, where they said a deal to diversify supply chains beyond China is “substantially completed.“

U.S. Commerce Secretary Gina Raimondo led the talks and said this “first of its kind” agreement will form a council to coordinate supply chain activities among the various countries and provide early warnings to member states in the event of a major disruption.

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by Eric Olander

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