President Joe Biden launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is “going to be a haul” before they feel relief. The president said he does not believe an economic recession is inevitable in the U.S.
Biden, speaking at a news conference after holding talks with Japan’s Prime Minister Fumio Kishida, acknowledged the U.S. economy has “problems” but said they were “less consequential than the rest of the world has.”
