"US-China Tensions Threaten Fragile Global Economy at APEC Summit"

The global economy is facing challenges as the United States and China, the two largest economies, seek to ease tensions at the Asia-Pacific Economic Cooperation (APEC) summit. The U.S.-China economic relationship has been strained for years, leading to trade wars and increased tariffs. The APEC summit, which includes 21 Pacific Rim countries, offers an opportunity for Presidents Joe Biden and Xi Jinping to address their economic disputes. However, expectations for breakthroughs are low. The tensions between the two nations have caused economic fragmentation and hindered global trade. The International Monetary Fund warns that higher trade barriers could subtract trillions from global economic output. Both the U.S. and China have reasons to restore economic cooperation, but the broader tensions extend beyond economics, including issues of human rights and territorial disputes.