LIMA, Nov 14, V7N - US President Joe Biden and China’s President Xi Jinping are arriving in Lima for the Asia-Pacific Economic Cooperation (APEC) summit, likely their last meeting before Biden transitions power back to Donald Trump. Originally set to prioritize trade and investment for regional growth, the summit now faces uncertainties about Trump’s impending policies, including his more confrontational approach toward China.

Biden and Xi’s anticipated Saturday meeting is expected to evaluate US-China competition management efforts, according to a senior US official. APEC, formed in 1989, represents 21 economies that together account for a major share of global GDP and trade. However, Trump’s expected “America First” policy, with a focus on protectionism, threatens to disrupt trade and alliances Biden established on issues like climate change and international security.

Trump’s proposed tariffs on Chinese imports and potential restrictions on goods from Mexico raise concerns about their impact on both global stability and the US economy. China, already grappling with economic challenges, may face further strain under renewed trade tensions.

Highlighting China’s influence in Latin America, Xi will inaugurate a Chinese-funded port in Chancay, Peru, on Thursday. Meanwhile, Biden will meet with Japanese and South Korean leaders on Friday to reinforce key Asian alliances.

Amid heightened security, the summit unfolds against a backdrop of protests and diplomatic rifts in Lima, underscoring the regional and global complexities leaders face as they prepare for an unpredictable future under a renewed Trump administration.

END/WD/RH