Peru’s President Dina Boluarte (R) met Malaysia’s Prime Minister Anwar Ibrahim as he arrived for the APEC summit
Ernesto BENAVIDES
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.
The Republican president-elect has threatened to slap tariffs of up to 60 percent on imports of goods from China in an attempt to balance bilateral trade.
China is grappling with a prolonged housing crisis and sluggish consumption that can only be made worse by a new trade war.
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.
It is also expanding its reach into Latin America through infrastructure and other projects under its Belt and Road Initiative.
Xi will on Thursday inaugurate South America’s first Chinese-funded port, in Chancay, north of Lima.
Biden, meanwhile, will on Friday meet Japanese Prime Minister Shigeru Ishiba and South Korean President Yoon Suk Yeol — key US allies in Asia.
Trump has not only China in his economic crosshairs.
Peru has deployed more than 13,000 soldiers to keep the peace in Lima as transport workers and shop owners embarked on three days of protests
Luis ACOSTA
The Republican president-elect has threatened tariffs of 25 percent or more on goods coming from Mexico — another APEC member — unless it stops an “onslaught of criminals and drugs” crossing the border.
Mexico’s new President Claudia Sheinbaum is skipping the Lima summit amid a diplomatic feud with Peru.
Her country has refused to recognize Peruvian President Dina Boluarte, who replaced Pedro Castillo, ousted 18 months after his election in 2021.
Peru has deployed more than 13,000 soldiers to keep the peace in Lima as transport workers and shop owners embarked on three days of protests against extortion by criminal gangs.
On Wednesday, hundreds of demonstrators were stopped by uniformed agents before they could reach the convention center.
bur-mlr/dw
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Publish date : 2024-11-13 16:40:00
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