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over the weekend. all of it part of that effort to address the nationwide shortage. as more babies are hospitalized. the flight was the first of several shipments expected from europe this week. we have new details this morning on when we could see some other flights. let s begin this morning with president biden s trip to asia. jeremy diamond is in tokyo. selena wang is in beijing. jeremy, first to you, president biden s indo-pacific economic framework, as it s known, agreement of a number of nations, a dozen nations in the region, something of a replacement for the transpacific partnership, tpp, which the obama administration introduced but trump scrapped, but not quite. tell us exactly what this would do. reporter: yeah, that s right. this is a broad economic framework known as the indo-pacific economic framework launched by president biden earlier today. but the details of this still very much have to be negotiated. they will be negotiated over the next several ....
Onto this broad economic framework. they will be making specific economic commitments in different areas. trade, bolstering supply chains, clean energy, anti-corruption efforts. but as of now, tariffs, reducing tariffs, is not on the table. that would, on the one hand, mean this deal doesn t necessarily require congressional authorization, but on the other hand, critics are saying maybe it means this deal doesn t have enough teeth. president biden saying the future of the 21st century economy will be made and defined here in the indo-pacific. that s why he says he s reengaging. as you mentioned, president trump pulled the united states out of that transpacific partnership in 2017. clearly, this is an effort to reassert the u.s. s economic power in the region and push back on china s dominance over the last several years, in particular, since the u.s. left that tpp agreement. jeremy, as jim just noted, it was really president biden s comments, though, about taiwan that are getting a l ....
Lawn today and summoned the sky and said he had been appointed are he was the chosen one, to take on china. he feels china has been ripping us off. no, no, does anybody disagree with that premise, that somebody has to do it? even as the tpp agreement was trying to address, absolutely. it makes sense for him to risk some potential economic hardship in order to get that done, in order to seem strong. but the problem is that the way that he s been doing this, has created these members ripple effects across the global that really are now threatening his reelection chances. early this morning trump s director of trade policy, peter navarro, says china s latest round of tariffs shouldn t affect financial markets. $75 billion worth of tariffs in terms of, what, a combined $30 trillion economy, is not something for the stock market to worry about. and we re cool here. how can you beat the chinese? it s a command economy, a command society. xi is the boss. ....
Ripping us off. does anyone disagree with that premise that somebody has to do it? i think that s a pretty even as the tpp agreement was trying to address, absolutely. and so he believed he is the one to do this, and that it makes sense for him to risk some potential economic hardship in order to get that done, in order to seem strong, but the problem is the way he s been doing this has created the economic ripple effects across the globe that really are now threatening his re-election chances. earlier this morning, peter navarro said china s latest round of tariffs shouldn t affect financial markets. $75 billion worth of tariffs in terms of, what, the combined $30 trillion economy is not something for the stock market to worry about. and we re cool here. how can you beat the chinese? it s a command economy. a command society. xi is the boss. he can do this stuff that trump thinks he can do. tell american companies they can t trade with china. ....
Petulant? or does he have a strategy to really take on china? somebody has to take on china. the president has been saying now for decades china has been ripping the u.s. off. they are. as he stood there as we saw on the south lawn and summoned the sky and said he had been appointed, he was the chosen one to take on china. he does feel like china is ripping us off. does anyone disagree with that premise that somebody has to do it? i think that s a pretty even as the tpp agreement was trying to address, absolutely. and so he believed he is the one to do this, and that it makes sense for him to risk some potential economic hardship in order to get that done, in order to seem strong, but the problem is the way he s been doing this has created the economic ripple effects across the globe that really are now threatening his re-election chances. earlier this morning, peter navarro said china s latest round of tariffs shouldn t affect financial markets. $75 billion worth of ta ....