News Snapshot:
US President-elect says US, allies need to be able to set global trading rules, after China-backed regional trade deal. US President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China’s growing influence, but declined to say whether he would join a new China-backed Asian trade pact signed on Sunday. Asked at a news conference in Wilmington, Delaware, whether the United States would join the Asian-focused 15-country Regional Comprehensive Economic Partnership (RCEP) agreement, Biden said he could not yet discuss US trade policy because he had not taken office...
