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World leaders at Manila summit seek trade to offset U.S. risks

World leaders at Manila summit seek trade to offset U.S. risks

The diplomatic push in Manila underscores a broader scramble by middle power countries and European nations to diversify trade and defense partnerships.

Several world leaders converge on the Philippines this week for a regional summit, with many seeking to deepen trade links as a hedge against the rising U.S. protectionism under President Donald Trump.Canada’s Mark Carney, Brazil’s Luiz Inácio Lula da Silva and Australia’s Anthony Albanese were in attendance Sunday at the kickoff of the three-day Association of Southeast Asian Nations (ASEAN) leaders’ summit, with trade and regional security matters the focus of discussions. Chinese Premier Li Qiang arrived late Sunday, while India’s Narendra Modi and Japan’s Sanae Takaichi are expected in coming days.Trump will make an appearance in Manila as well, but only late Tuesday afternoon as the summit is concluding. He’ll be in the country less than 24 hours before flying to Shenzhen for the Asia-Pacific Economic Cooperation (APEC) summit, where he’ll participate in a highly anticipated trilateral summit with China’s Xi Jinping and Russia’s Vladimir Putin.

In brief

Several world leaders converge on the Philippines this week for a regional summit, with many seeking to deepen trade links as a hedge against the rising U.S. protectionism under President Donald Trump.Canada’s Mark Carney, Brazil’s Luiz Inácio Lula da Silva and Australia’s Anthony Albanese were in attendance Sunday at the kickoff of the three-day Association of Southeast Asian Nations (ASEAN) leaders’ summit, with trade and regional security matters the focus of discussions. Chinese Premier Li Qiang arrived late Sunday, while India’s Narendra Modi and Japan’s Sanae Takaichi are expected in coming days.Trump will make an appearance in Manila as well, but only late Tuesday afternoon as the…

This is the opening of the story, shared with credit to The Japan Times. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at The Japan Times ↗

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