Is Trump Making an Avoidable Mistake on His Asia Tour?

November 3, 2017 Share Print 0

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

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.