Lima, Peru—US President Joe Biden and his Chinese counterpart Xi Jinping arrive Thursday in Lima for an Asia-Pacific summit overshadowed by the prospect
US President Joe Biden and Chinese President Xi Jinping of a world embroiled in trade wars under Donald Trump.
The summit program was to focus on trade and investment for inclusive growth and innovation for its members’ common good. The summits will be “about one thing,” he told reporters in Washington: “What to expect from the next Trump administration on trade, alliances.”Xi and Biden will meet on the second and final day of the summit that will also bring together leaders and senior officials from Japan, South Korea, Canada, Australia and Indonesia, among others.On Thursday, ministers will set the tone for the heads-of-state summit with a meeting of their own.
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. It is also expanding its reach into Latin America through infrastructure and other projects under its Belt and Road Initiative.Biden, meanwhile, will on Friday meet Japanese Prime Minister Shigeru Ishiba and South Korean President Yoon Suk Yeol — key US allies in Asia.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.
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