President Joe Biden is gathering leaders from countries across the Americas on Friday in the U.S. capital to discuss the tightening of supply chains and addressing migration issues.
President Joe Biden meets with Dominican Republic’s President Luis Abinader in the Oval Office of the White House, Thursday, Nov. 2, 2023, in Washington. President Joe Biden meets with Dominican Republic’s President Luis Abinader in the Oval Office of the White House, Thursday, Nov. 2, 2023, in Washington. President Joe Biden meets with Dominican Republic’s President Luis Abinader in the Oval Office of the White House, Thursday, Nov. 2, 2023, in Washington.
In a preview of the first Americas Partnership for Economic Prosperity Leaders’ Summit, White House National Security Council spokesman John Kirby told reporters Thursday that the two-day event would be a “once in a generation opportunity” to shift more of the global supply chains to the Western Hemisphere.
Kirby said the summit would also involve the “shared migration challenge” and the building of “meaningful economic opportunity” among the countries in the region.in Los Angeles. The focus on trade comes as competition has intensified between the United States and China, the world’s two largest economies. Biden has provided government incentives to build U.S. infrastructure and for companies to construct new factories.
Increasingly, policymakers in the U.S. have expressed concern about China’s influence at the bank. While the Asian superpower holds less than 0.1% voting rights, it holds large economic stakes in some of the 48 member countries of the bank.Hussein reports on the U.S. Treasury Department for The Associated Press. She covers tax policy, sanctions and any issue that relates to money.
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