Market Extra: Asian-Pacific meeting puts U.S-China trade spat in spotlight [MarketWatch]
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Source: MarketWatch
Asian-Pacific meeting puts U.S-China trade spat in spotlight It is MarketWatch’s Anneken Tappe here to give readers a rundown of some of the most significant developments, and asset moves, in emerging markets. And on Monday, that very much includes China and the worries about its growth prospects amid nasty trade relations with the U.S. Let’s start in Papua New Guinea — the South Pacific island nation neighboring Indonesia and Australia — where over the weekend the Asia-Pacific Economic Cooperation nations gathered for their annual summit. In the spotlight was the degree to which the Beijing-Washington tariff dispute has disrupted global economies. The verdict? APEC nations failed to even agree on a joint statement to conclude the summit for the first time in its 29-year history, underscoring the perilous road ahead. APEC, the regional economic forum dedicated to maximizing trade relations within the Asia-Pacific region, may be an ideal place to gauge the fallout from U.S.-China squab
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