Obama Pushes for TariffBusting Trade Agreement in China
President Barack Obama is in China for the Asia-Pacific Economic Cooperation APEC summit. The last time he was in China was 2009. While there, he will be pushing for the Trans-Pacific Partnership TPP, a U.S.-led agreement that encompasses 11 countries, which would eliminate tariffs on high-tech goods. China, however, is in favor of the Free Trade Area of the Asia Pacific FTAAP. "We're here because we believe that our shared future is here in Asia," Obama said in his speech at the summit Monday.