Biden and Xi will likely
LIMA – US President Joe Biden and his Chinese counterpart Xi Jinping arrive Thursday in Lima for an Asia-Pacific summit overshadowed by the prospect of a world embroiled in trade wars under Donald Trump.
APEC, created in 1989 with the goal of regional trade liberalization, brings together 21 economies that jointly represent about 60 percent of world GDP and over 40 percent of global commerce. "All that... the APEC leaders and G20 leaders will be talking about is the one world leader who is not there -– and that is Donald Trump," Victor Cha of the Washington-based Center for Strategic and International Studies think tank said this week.
Trump's "America First" agenda, with protectionist stances on global commerce, fossil fuel extraction and foreign conflicts, is threatening alliances Biden had built on issues ranging from the wars in Ukraine and the Middle East, to climate change and trade. But economists say punitive levies will likely also harm the American economy and affect trade with its neighbors and with Europe.China is an ally of Western pariahs Russia and North Korea, and is building up its own military capacity while ramping up pressure on Taiwan, which it claims as part of its territory.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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