Name: New China-anchored trade bloc shows the waning influence of the U.S.
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New China-anchored trade bloc shows the waning influence of the U.S.

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The largest free trade area in the world over the weekend — and the U.S. was not even invited. Why it matters: For the first time in living memory, the hegemon at the center of a major global free trade agreement is not the U.S. The big picture: President-elect to seek a broad multilateral alliance to pressure China on everything from trade to human rights once he becomes president. But China is making broad multilateral alliances of its own. Flashback: The that the U.S. should be the anchor of a Pacific Rim trade agreement, the TPP, that pointedly excluded China. The bottom line: Big new trade pacts are extremely difficult to negotiate. China showed real determination in getting this one done, even as the U.S. demonstrated almost no interest in improving or even maintaining economic relations with the region. China's partners in RCEP are likely to remember for many years which of the two giants was more reliable.The U.S. State Department's Office of Policy Planning is set to release a blueprint for America’s response to China’s rise as an authoritarian superpower, Axios has learned. Why it matters: The lengthy document calls for strong alliances and rejuvenation of constitutional democracy. Axios obtained a .China and the U.S. don't collaborate in space —a decades-old divide that is shaping the future of both nations' space programs.Why it matters: U.S. semiconductor companies and those in other sectors are under pressure — from politicians and consumers — to become less reliant on China. The record of the nations' parallel ambitions in space shows what the U.S. gains and loses when it cuts China off. China is using economic and diplomatic incentives to strengthen its sway over Pacific Island nations, a finds.Why it matters: Beijing's charm campaign in the Pacific aims to further isolate Taiwan and expand China's maritime reach.

The largest free trade area in the world over the weekend — and the U.S. was not even invited. Why it matters: For the first time in living memory, the hegemon at the center of a major global free trade agreement is not the U.S. The big picture: President-elect to seek a broad multilateral alliance to pressure China on everything from trade to human rights once he becomes president. But China is making broad multilateral alliances of its own. Flashback: The that the U.S. should be the anchor of a Pacific Rim trade agreement, the TPP, that pointedly excluded China. The bottom line: Big new...

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Chief financial correspondent, Axios. Host, Slate Money. Follow @felixbot for my story feed.

Felix Salmon

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New China-anchored trade bloc shows the waning influence of the U.S.

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