November 20, 2016
By Rosalba O'Brien and Kiyoshi Takenaka
Lima (Reuters) - Chinese President Xi Jinping (click here) pledged to open the economy further on Saturday as leaders of Asia-Pacific countries sought new free-trade options following Donald Trump's election to U.S. president on promises to scrap or renegotiate trade deals.
All eyes were on China at this year's APEC summit in Lima, Peru just over a week after Trump's surprise victory in the United States dashed hopes of the largest-ever U.S.-proposed trade deal, the Trans-Pacific Partnership (TPP), coming to fruition.
U.S. President Barack Obama has championed the TPP as a way to counter China's rise, but he has now stopped trying to win congressional approval for the deal signed by 12 economies in the Americas and Asia-Pacific, excluding China. Without U.S. approval the current agreement cannot be implemented....
We don't need more American interests in the Pacific. We already have all the interests we need in Hawaii and our long standing allies.
Enough.
There is no real reason to impose the USA into the Pacific. It causes too much tension between the Communist countries and the West. We are doing fine with China as a peace partner with North Korea. Why be China's economic enemy?
