Delegations from 14 nations will meet in Los Angeles this week to put some meat on the bones of Joe Biden’s Indo-Pacific Economic Framework. The grouping includes the largest economies in Asia, minus China, leading to the narrative that this is the administration’s attempt to lead a decoupling from China to rebuild American economic leadership and relevance. There is truth in this, but it needs to be understood in its proper context. Economic decoupling is terminology that gained traction during the Trump administration when that administration levied tariffs and other executive order measures against China. While China does not use the term “decoupling,” it has been pursuing a far mor
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