U.S. economic engagement in Indo-Pacific ‘isn’t about China,’ Commerce Secretary Raimondo says

America’s economic engagement in Indo-Pacific “isn’t about China” but for strengthening U.S. presence in the region, Commerce Secretary Gina Raimondo told CNBC.  

President Joe Biden

, involving14 countries, about two years ago, for economic and trade cooperation among the member states. The IPEF was also seen as a means to counteract China in the region.

Raimondo said the Indo-Pacific…