The United States’ Indo-Pacific Economic Framework:Characteristics, Content, Strategic Significance,and Implications for China

The Indo-Pacific Economic Framework for Prosperity (IPEF), announced by President Joe Biden in May 2022, is a strategicinitiative by the United States to reinforce its economic leadership in the Indo-Pacific region. IPEF focuses on four keypillars: trade, supply chains, clean energy, and the digital economy, with the goal of fostering cooperation and sustainabledevelopment among participating nations. Through this initiative, the United States seeks not only to reduce its dependenceon China but also to reshape the global economic architecture by establishing a new model of economic cooperation, wherethe U.S. plays a leading role in setting trade standards and promoting sustainable development. This study will analyze thecharacteristics, content, and strategic significance of IPEF. Additionally, it will assess the framework’s impact on China andprovide forecasts on potential changes to IPEF should President Trump officially return to the White House for his secondterm.