Japan is on "maximum alert" after a record number of daily coronavirus infections. To support the economy, Tokyo wants to increase free trade in the region. The APEC Summit offers an opportunity to get out the message.
The Chinese president boasted about the role China will play in solving major global crises while preaching the benefits of free trade. He was talking in the aftermath of the signing of the world's biggest trade deal.
Ten ASEAN nations, plus five other Asia-Pacific countries, have signed the world's biggest trade deal in terms of GDP. The pact is expected to drive economic growth in a region hard-hit by the coronavirus pandemic.
President Trump has kept Asian economies on the edge, brazenly slapping or threatening tariffs even on closest US allies. Biden promises more stability but is unlikely to drastically alter Trump's hawkish trade policy.
China has scored a major multilateral trade deal with traditional US allies such as Japan and South Korea. The pact will raise the stakes of Washington's protectionist turn on Trump's watch, DW's Ashutosh Pandey writes.
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