Donald Trump's promised "America First" protectionist trade policies have rattled markets and economists worldwide. But just how far can Trump go in imposing unilateral trade barriers?
Vietnam is hosting this year's Asia Pacific Economic Cooperation (APEC) summit, which gives it an opportunity to tout the benefits of global free trade. But convincing protectionists like Trump remains an uphill task.
The stakes are high for Donald Trump's first Asia trip. He needs to convey to US allies why his "America First" policy is not akin to disengagement and what his plans are on North Korea. He leaves with heavy baggage.
Outgoing German Finance Minister Wolfgang Schäuble has warned against growing anti-free trade rhetoric. Without naming Trump and his America First policy, he said the world needs "more openness rather than less."
President Donald Trump's Asia trip was an opportunity for the US to showcase itself as the supreme global power. Instead, President Xi Jinping grabbed the limelight and presented China as the new 'world leader.'
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