The Fort Worth Press - Biden, Xi arrive in Peru ahead of face-to-face at Asia-Pacific summit

USD -
AED 3.672969
AFN 68.452776
ALL 93.048382
AMD 387.640271
ANG 1.816976
AOA 911.999875
ARS 998.283301
AUD 1.547269
AWG 1.8
AZN 1.702126
BAM 1.853558
BBD 2.03554
BDT 120.47462
BGN 1.859761
BHD 0.376864
BIF 2977.069937
BMD 1
BND 1.347372
BOB 6.966716
BRL 5.802269
BSD 1.008198
BTN 85.007628
BWP 13.679442
BYN 3.299388
BYR 19600
BZD 2.031743
CAD 1.400905
CDF 2865.000112
CHF 0.88987
CLF 0.035354
CLP 975.529899
CNY 7.244099
CNH 7.253535
COP 4485.54
CRC 514.803442
CUC 1
CUP 26.5
CVE 104.500739
CZK 24.026992
DJF 179.528977
DKK 7.08631
DOP 60.720649
DZD 133.549023
EGP 49.349197
ERN 15
ETB 123.045036
EUR 0.950165
FJD 2.275949
FKP 0.789317
GBP 0.79031
GEL 2.729872
GGP 0.789317
GHS 16.281891
GIP 0.789317
GMD 70.999725
GNF 8688.564984
GTQ 7.790288
GYD 210.925357
HKD 7.78242
HNL 25.453012
HRK 7.133259
HTG 132.557467
HUF 386.651026
IDR 15947.2
ILS 3.739575
IMP 0.789317
INR 84.46635
IQD 1320.671566
IRR 42092.4992
ISK 138.980146
JEP 0.789317
JMD 159.606126
JOD 0.709201
JPY 155.966499
KES 129.250046
KGS 86.376499
KHR 4084.669222
KMF 466.350206
KPW 899.999621
KRW 1404.409947
KWD 0.30763
KYD 0.840169
KZT 496.917485
LAK 22140.92783
LBP 90282.191378
LKR 294.669004
LRD 190.003316
LSL 18.110979
LTL 2.95274
LVL 0.60489
LYD 4.884614
MAD 10.024356
MDL 18.167085
MGA 4704.499792
MKD 58.497795
MMK 3247.960992
MNT 3397.999946
MOP 8.077563
MRU 40.134198
MUR 47.189719
MVR 15.449773
MWK 1748.170894
MXN 20.632095
MYR 4.480502
MZN 63.853315
NAD 18.111065
NGN 1684.480171
NIO 37.103202
NOK 11.172475
NPR 136.037189
NZD 1.705757
OMR 0.385009
PAB 1.008188
PEN 3.821032
PGK 4.052389
PHP 58.845008
PKR 280.117898
PLN 4.121025
PYG 7868.075629
QAR 3.675651
RON 4.726899
RSD 111.120964
RUB 100.003324
RWF 1383.771182
SAR 3.755984
SBD 8.383555
SCR 13.618751
SDG 601.501263
SEK 11.03656
SGD 1.345935
SHP 0.789317
SLE 22.814989
SLL 20969.504736
SOS 576.121157
SRD 35.279753
STD 20697.981008
SVC 8.821536
SYP 2512.529858
SZL 18.116684
THB 35.03303
TJS 10.742031
TMT 3.51
TND 3.173168
TOP 2.342098
TRY 34.349165
TTD 6.851191
TWD 32.5908
TZS 2665.000304
UAH 41.650176
UGX 3699.912809
UYU 42.505402
UZS 12897.570037
VES 45.715443
VND 25400
VUV 118.722009
WST 2.791591
XAF 621.665908
XAG 0.033377
XAU 0.000392
XCD 2.70255
XDR 0.759506
XOF 621.6718
XPF 113.025513
YER 249.793488
ZAR 18.347175
ZMK 9001.199227
ZMW 27.578069
ZWL 321.999592
  • SCS

    0.0000

    13.37

    0%

  • BCC

    1.9950

    144.545

    +1.38%

  • JRI

    0.0200

    13.26

    +0.15%

  • CMSC

    0.0900

    24.7

    +0.36%

  • BCE

    0.0700

    27.28

    +0.26%

  • NGG

    0.2340

    62.354

    +0.38%

  • RBGPF

    -0.9400

    59.25

    -1.59%

  • VOD

    -0.0020

    8.748

    -0.02%

  • CMSD

    0.0200

    24.75

    +0.08%

  • RYCEF

    -0.1400

    6.97

    -2.01%

  • RIO

    -0.1600

    60.46

    -0.26%

  • RELX

    0.1250

    46.245

    +0.27%

  • GSK

    0.0800

    35.19

    +0.23%

  • BP

    0.2900

    28.86

    +1%

  • AZN

    0.0000

    65.29

    0%

  • BTI

    0.0550

    35.475

    +0.16%

Biden, Xi arrive in Peru ahead of face-to-face at Asia-Pacific summit
Biden, Xi arrive in Peru ahead of face-to-face at Asia-Pacific summit / Photo: © AFP

Biden, Xi arrive in Peru ahead of face-to-face at Asia-Pacific summit

US President Joe Biden and his Chinese counterpart Xi Jinping arrive Thursday in Lima for an Asia-Pacific summit overshadowed by the prospect of a world embroiled in trade wars under Donald Trump.

Text size:

Saturday's face-to-face will likely be the last meeting between the sitting leaders of the world's largest economies before Biden hands the reins back to Trump, who has signaled a confrontational approach to Beijing for his second term in the White House.

Biden and Xi will likely "take stock of efforts to responsibly manage competition," a senior US administration official told reporters Wednesday ahead of the Asia-Pacific Economic Cooperation (APEC) summit.

APEC, created in 1989 with the goal of regional trade liberalization, brings together 21 economies that jointly represent about 60 percent of world GDP and over 40 percent of global commerce.

The summit program was to focus on trade and investment for inclusive growth and innovation for its members' common good.

But uncertainty over Trump's next moves now clouds the agenda -- as it does for the COP29 climate talks under way in Azerbaijan, and a G20 summit in Rio de Janeiro next week.

"All that... the APEC leaders and G20 leaders will be talking about is the one world leader who is not there -– and that is Donald Trump," Victor Cha of the Washington-based Center for Strategic and International Studies think tank said this week.

The summits will be "about one thing," he told reporters in Washington: "What to expect from the next Trump administration on trade, alliances."

- 'America First' -

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.

Russia's President Vladimir Putin will not attend.

On Thursday, ministers will set the tone for the heads-of-state summit with a meeting of their own.

US Secretary of State Antony Blinken -- whom Trump announced Wednesday he will replace with China hawk Marco Rubio -- will attend the ministerial-level talks along with US Trade Representative Katherine Tai.

Trump's "America First" agenda, with protectionist stances on global commerce, fossil fuel extraction and foreign conflicts, is threatening alliances Biden had built on issues ranging from the wars in Ukraine and the Middle East, to climate change and trade.

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.

China is grappling with a prolonged housing crisis and sluggish consumption that can only be made worse by a new trade war.

But economists say punitive levies will likely also harm the American economy and affect trade with its neighbors and with Europe.

- 'Criminals and drugs' -

China is an ally of Western pariahs Russia and North Korea, and is building up its own military capacity while ramping up pressure on Taiwan, which it claims as part of its territory.

It is also expanding its reach into Latin America through infrastructure and other projects under its Belt and Road Initiative.

Xi will on Thursday inaugurate South America's first Chinese-funded port, in Chancay, north of Lima.

Biden, meanwhile, will on Friday meet Japanese Prime Minister Shigeru Ishiba and South Korean President Yoon Suk Yeol -- key US allies in Asia.

Trump has not only China in his economic crosshairs.

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.

Mexico's new President Claudia Sheinbaum is skipping the Lima summit amid a diplomatic feud with Peru.

Her country has refused to recognize Peruvian President Dina Boluarte, who replaced Pedro Castillo, ousted 18 months after his election in 2021.

Peru has deployed more than 13,000 soldiers to keep the peace in Lima as transport workers and shop owners embarked on three days of protests against extortion by criminal gangs.

On Wednesday, hundreds of demonstrators were stopped by uniformed agents before they could reach the convention center.

X.Silva--TFWP