Nov 15, 2024, 12:00 AM
Nov 15, 2024, 12:00 AM

Biden and Xi prepare for pivotal meeting in Peru amid trade tensions

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Highlights
  • U.S. President Joe Biden will meet Chinese President Xi Jinping in Lima, Peru at the APEC summit.
  • This meeting is expected to be their last as presidents, amidst rising trade tensions and uncertainty.
  • China is preparing for potential challenges under the possibility of a Trump presidency, highlighting the need for careful diplomacy.
Story

In early November 2024, U.S. President Joe Biden plans to meet with Chinese President Xi Jinping in Lima, Peru. This meeting, scheduled for Saturday, holds significance as it may be the last opportunity for the two leaders to engage in discussions during their respective presidencies. As the Asia-Pacific Economic Cooperation (APEC) summit approaches, the atmosphere is marked by increasing uncertainty due to the anticipated return of former President Donald Trump, who had previously threatened a more aggressive stance in U.S.-China trade relations. Such tensions have prompted preparations in China for a potential new Trump administration. The timing of this meeting comes on the heels of economic volatility and geopolitical challenges that have defined U.S.-China relations in recent years. President Xi, in a recent speech delivered at APEC, criticized efforts to retreat from globalization, underscoring the importance of sustained international cooperation. This context is crucial as both leaders grapple with significant economic pressures and the expectations of their respective domestic audiences. The implications of this meeting stretch beyond bilateral relations, influencing global economic dynamics and international diplomacy. As Biden and Xi engage in dialogue, the outcome may shape future cooperation or escalation between the two dominant powers. The world's eyes are on Lima as the leaders of the U.S. and China prepare to set their agendas amid widespread protests in New Zealand and ongoing conflicts like the Russia-Ukraine war, each issue further complicating the international landscape. Finally, the geopolitical climate is precarious, with both nations weighing the potential repercussions of their decisions. The stakes are high, as a successful engagement could pave the way for more stable relations, while tensions could be exacerbated, leading to detrimental effects across the globe.

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