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U.S. trade ‘America first’ creates opportunity for China

U.S. trade ‘America first’ creates opportunity for China

Although Biden announced last week that the United States was considering a new economic framework for the Indo-Pacific region, he provided some details on how it would work in practice (Image: Facebook / Joe Biden)

After giving place China For many years, the leader United States, Joe Biden, Pledged to strengthen ties with Asia, and donated millions of vaccines against it. Govt And consolidation of military duties. But when it comes to the economy of the Pacific region, Biden faces a stalemate.

With the Asia-Pacific leaders meeting for the annual economic summit this week, the Biden administration is seeking to express its economic vision for the region almost five years later. Donald Trump The United States withdrew from trade agreements with 11 Pacific countries.

Although Biden announced last week that the United States was considering a new economic framework for the Indo-Pacific region, he gave little details on how it would work in practice.

China sought to take advantage of the pressure to abide by agreements that were once seen as usable vehicles for the United States to set rules for the region. In September, China made a formal request to join the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP), but that agreement was abandoned by Trump.

And the president last month Xi Jinping He said China also plans to join the Digital Economic Agreement, which includes US partners Singapore, Chile and New Zealand.

“The United States is badly anchored and lagging behind on the region’s economic side,” said Deborah Elmes, founder of the Asian Trade Center in Singapore. “You have the government to put America back in another language.”

In the case of China, joining the CPTPP will help the Beijing government to deal with the notion of non-compliance after a number of known events in recent years, including Australia, that prevented imports during geopolitical disputes.

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Experts say leaders in Beijing want to prevent Taiwan from joining the CPTPP and expose the hostile image of the United States after signing a deal with the UK to provide nuclear submarine technology to Australia.