{"id":1924456,"date":"2023-05-04T19:11:04","date_gmt":"2023-05-04T23:11:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-indo-pacific-trade-agreement-could-further-strengthen-big-tech-monopolies-lawmakers-warn\/"},"modified":"2023-05-04T19:13:56","modified_gmt":"2023-05-04T23:13:56","slug":"bidens-indo-pacific-trade-agreement-could-further-strengthen-big-tech-monopolies-lawmakers-warn","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-indo-pacific-trade-agreement-could-further-strengthen-big-tech-monopolies-lawmakers-warn\/","title":{"rendered":"Biden&#8217;s trade deal in Indo-Pacific may boost Big Tech monopolies, warn lawmakers."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-indo-pacific-trade-agreement-could-further-strengthen-big-tech-monopolies-lawmakers-warn%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1924456&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Republicans and Democrats Speak Out Against Biden&#8217;s Trade Agreement<\/h2>\n<p>A coalition of congressional Republicans, including Sen. J.D. Vance (R-Ohio) and Rep. Ken Buck (R-Colo.), are speaking out against President Joe Biden&#8217;s proposed Indo-Pacific Economic Framework (IPEF). They argue that the agreement could further strengthen Big Tech monopolies and overstep the president&#8217;s authority. Sen. Josh Hawley (R-Mo.), along with Reps. Matt Gaetz (R-Fla.) and Paul Gosar (R-Ariz.), joined in condemning the IPEF in a letter to relevant U.S. officials.<\/p>\n<p>Democrats, including Sen. Elizabeth Warren (D-Mass.), have also expressed concerns about the IPEF. In a separate letter, they warned that if Big Tech got their way on the agreement, it could limit the ability of U.S. regulators to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-trade-commission-review-could-throw-wrench-in-amazon-mgm-merger\/\" title=\"Federal Trade Commission Review Could Throw Wrench in Amazon-MGM Merger\">enforce antitrust law<\/a>.<\/p>\n<h3>The IPEF and Big Tech<\/h3>\n<p>The IPEF was launched by Biden in May 2022 and is similar to the now-defunct Trans-Pacific Partnership (TPP). Fourteen nations in the Indo-Pacific region have signed onto the IPEF economic initiative. Unlike other trade deals, the IPEF isn&#8217;t concerned with altering tariff rates for member nations, but is considered a precursor to that goal. The Biden administration also hopes to establish a set of competition policies for member nations.<\/p>\n<p>However, Vance and Buck argue that this goal could further strengthen Big Tech firms, who already hold a monopoly over many online tools and platforms. They wrote in their letter that &#8220;Congress, not the President, has the constitutional prerogative to craft domestic policy in the antitrust space,&#8221; <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-indo-pacific-trade-agreement-could-further-strengthen-big-tech-monopolies-lawmakers-warn\/\" title=\"Biden's trade deal in Indo-Pacific may boost Big Tech monopolies, warn lawmakers.\">citing ongoing legislative efforts<\/a> to do just that.<\/p>\n<h3>Big Tech&#8217;s Influence on International Deals<\/h3>\n<p>Big Tech platforms have often looked to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-biden-seems-to-justify-his-ukrainian-paycheck-by-saying-he-was-fighting-trumps-buddy-putin\/\" title=\"Hunter Biden Seems To Justify His Ukrainian Paycheck By Saying He Was Fighting Trump\u2019s Buddy Putin\">international deals<\/a> as a means to advance their own interests. Biden has proposed &#8220;whole-of-government&#8221; policies to support competition, but Democrats say that Big Tech efforts to influence the policies in the IPEF could challenge that.<\/p>\n<p>In September 2022, the House of Representatives passed legislation that gave more power to states in antitrust cases and increased funding for federal antitrust regulators. Lawmakers tied this effort to Big Tech biases.<\/p>\n<h3>Conclusion<\/h3>\n<p>The debate over the IPEF highlights the ongoing struggle between Big Tech and regulators. While both Republicans and Democrats have expressed concerns about the agreement, the ultimate outcome remains to be seen. As the fight against Big Tech monopolies continues, it&#8217;s clear that international deals will continue to play a role in shaping the future of competition policy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A coalition of congressional Republicans are speaking out against President Joe Biden\u2019s proposal for a trade agreement they say could further strengthen Big Tech monopolies. In a letter (pdf) to relevant U.S. officials, Sen. J.D. Vance (R-Ohio) and Rep. Ken Buck (R-Colo.), joined by Sen. Josh Hawley (R-Mo.) along with Reps. Matt Gaetz (R-Fla.) and<\/p>\n","protected":false},"author":57,"featured_media":1924457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[3706,7838,3715,8933,3673,25853,4989,7221,3968],"class_list":["post-1924456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-bidens","tag-boost","tag-deal","tag-indo-pacific","tag-lawmakers","tag-monopolies","tag-tech","tag-trade","tag-warn"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1924456"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1924457"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1924456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1924456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1924456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}