Economics
China Trade Pact Stalls as Trump Tariffs Feed India Backlash
- Beijing pushing for RCEP announcement at November summit
- Effort part of geopolitical response to U.S. withdrawal
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A Chinese push to conclude a new Asia-wide trade agreement this year is running into opposition from India fed partly by concerns over the fallout of Beijing’s deepening trade war with the U.S.
The 16-country Regional Comprehensive Economic Agreement (RCEP) backed by Beijing is often seen as a rival to the Trans-Pacific Partnership, a vast regional pact once led by the U.S. that Donald Trump withdrew from early in his presidency.