Is Trump Making an Avoidable Mistake on His Asia Tour?

President Donald Trump’s upcoming five-nation Asia tour is expected to strengthen ties with regional allies, but those gains could be diminished if the U.S. leader misses a key summit on the last leg of his trip.A major forum for political and economic cooperation among its 18 member countries, the annual East Asia Summit takes place on Nov. 13 to 14 in the Philippines this year. Trump will be in Manila on Nov. 13 but won’t attend the event, according to the U.S. State Department. Instead, Secretary of State Rex Tillerson will be representing the world’s largest economy at the summit’s plenary meeting on Nov. 14.Under former president Barack Obama, the East Asia Summit became a pillar in Washington’s Asia relations. In 2011, the U.S. acquired membership under Obama’s strategy of pivoting American foreign policy focus toward the Asia-Pacific region. Since then, the president attended every year except for 2013 when a U.S. government shutdown occurred.Trump’s Asia tour is the longest trip to the continent by a sitting U.S. president this millennium but missing the East Asia Summit is still a big deal for local leaders, experts say.

Source: Trump Asia tour: Risks of missing East Asia Summit – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.