The fight among lawmakers in Washington over the federal budget and the US debt ceiling is causing significant damage.
So much for the end of free trade. The United States isn't calling the shots in Peru - China is. With the looming change of power in Washington, Beijing is stepping into the fold.
Two months before the inauguration of Donald Trump as the next US President and the likely end of the Trans-Pacific Partnership free trade deal, signs emerge that the Asia-Pacific region is turning towards a Plan B.
Chinese President Xi Jinping has said he hopes for a "smooth transition" in ties with the US after a final meeting with Obama. Xi pledged further economic openings in his country as APEC leaders sought new trade options.
Delegates attending the Asia Pacific Economic Cooperation Forum in Lima, Peru, have demanded free trade policies continue. With the Trans-Pacific Partnership in trouble, other options are on the table.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version