“AMERICA FIRST”
The summit may also be attended by Japan, South Korea, Canada, Australia and Indonesia, amongst others.
President Vladimir Putin of APEC member Russia is not going to attend.
Trump’s “America First” agenda is characterised by protectionist stances on world commerce, fossil gas extraction and overseas 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 % on imports of Chinese language items to even out what he says is an imbalance in bilateral commerce.
China is grappling with a protracted housing disaster and sluggish consumption that may solely be made worse by a brand new commerce struggle with Washington.
However economists say punitive levies may also hurt the American financial system and have an effect on commerce with its neighbors and with Europe.