The decision could undermine US attempts to exert global leadership in the long run, say analysts. Read more at straitstimes.com.
Eurasia Group US managing director Jon Lieber said that Quad leaders, who are elected, understand that domestic matters must take precedence over international affairs.
It added that the US looked forward to finding other ways to engage with Australia, the Quad, Papua New Guinea and Pacific Islands leaders “in the coming year”.But American Enterprise Institute senior fellow Zack Cooper said the decision to cut short the trip will damage US credibility, and that of the Biden administration, in Asia.
The itinerary change also reflects a longer-term challenge for Mr Biden and the US in general – that America’s divisions at home are hurting it abroad. Previous US administrations likewise faced challenges when trying to make the Asia-Pacific region a foreign policy priority.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden, McCarthy hopeful on debt ceiling deal; US president cuts Asia trip shortWASHINGTON: Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer to a deal to avoid a looming US debt default on Tuesday (May 16), as the threat of an economic nightmare prompted Biden to cut short an Asia trip this week. After an hour of talks, McCarthy, the speaker
Read more »
While You Were Sleeping: 5 stories you might have missed, May 17McCarthy says debt ceiling deal possible this week after talks with Biden Democratic President Joe Biden and top congressional Republican Kevin McCarthy’s US debt ceiling negotiations ended on Tuesday after less than an hour, as the looming fear of an unprecedented American debt default prompted Biden to cut short an upcoming Asia trip. Read more at straitstimes.com.
Read more »
Asia stocks steady despite China data miss, helped by weaker dollar outlookHONG KONG : Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support.Expectations that the dollar will soften also cushioned emerging markets, although investors were wary of crucial U.
Read more »
China courts Central Asia as Russia's influence wanesCentral Asia has become key to China’s trillion-dollar Belt and Road Initiative. Read more at straitstimes.com.
Read more »
China courts Central Asia as Russia's influence wanesBEIJING: China is renewing its push for massive infrastructure projects in Central Asia as Beijing aims to fill the vacuum left in former Soviet states by Russia, which is ensnared in a widening net of Western sanctions over the
Read more »
Morgan Stanley weighs cutting 7% of Asia investment bank jobs - Bloomberg NewsMorgan Stanley is considering a 7 per cent cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with the matter.The bank is likely to start communicating with affected bankers as soon as this week, with more tha
Read more »