“AMERICA FIRST”
The summit will even be attended by Japan, South Korea, Canada, Australia and Indonesia, amongst others.
President Vladimir Putin of APEC member Russia won’t attend.
Trump’s “America First” agenda is characterised by protectionist stances on international commerce, fossil gas extraction and international conflicts.
It threatens alliances Biden had constructed on points starting from the wars in Ukraine and the Center East to local weather change and commerce.
The Republican president-elect has threatened tariffs of as much as 60 per cent on imports of Chinese language items to even out what he says is an imbalance in bilateral commerce.
China is grappling with a chronic housing disaster and sluggish consumption that may solely be made worse by a brand new commerce battle with Washington.
However economists say punitive levies will even hurt the American economic system and have an effect on commerce with its neighbors and with Europe.
