European stocks and bond yields tumble and the dollar hits a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. Ciara Lee reports Continue reading
Analysts say Trump’s announcement the U.S. will withdraw from the TPP (Trans Pacific Partnership) will hurt America’s ability to negotiate trade deals in the future, might impact US companies across different sectors.
The Asia-Pacific Economic Cooperation Summit in Lima from November 19-20 will take place just two weeks after the election of Donald Trump affirming his protectionist trade policies, and killing off any chance for a U.S. pivot to Asia through TPP. One expert says the result will be a heightened profile for Asia in Latin America.