• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
LeadershipTrans-Pacific Parternship

Obama Talks Jobs in Meeting Trade-Deal Partners

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
November 19, 2016, 2:15 PM ET
U.S. President Barack Obama speaks during a meeting with leaders from the Trans-Pacific Partnership at the US Embassy in Beijing on November 10, 2014 in Beijing. The TPP was agreed upon with 11 other Pacific Rim nations.
U.S. President Barack Obama speaks during a meeting with leaders from the Trans-Pacific Partnership at the US Embassy in Beijing on November 10, 2014 in Beijing. The TPP was agreed upon with 11 other Pacific Rim nations.Photograph by Mandel Ngan—AFP/Getty Images
Add Fortune on Google for similar content.

President Barack Obama on Saturday emphasized opportunities to create jobs as he met with leaders of countries that joined the U.S. to negotiate a sweeping Pacific trade deal that is now in jeopardy.

Speaking on the margins of an Asia-Pacific summit in Peru, Obama said the meeting was a good chance for leaders to review how to bring jobs and prosperity to their countries. They had hoped to achieve some of those goals through the Trans-Pacific Partnership, but the agreement appears unlikely to be ratified due to opposition by President-elect Donald Trump. Trump opposes multinational trade deals as written, saying they are harmful to U.S. workers.

“We’re going to have a busy agenda,” Obama said of the summit, “but this is always a useful occasion for us to get together and examine how we can make sure that we’re creating more jobs, more opportunity and greater prosperity for all of our countries.”

Obama did not mention the Pacific deal or Trump during the brief period that the news media were allowed into the meeting. The president supports trade deals as a way to boost U.S. exports and create American jobs.

Trump’s protectionist stance was on the minds of other leaders attending the economic conference.

Tech Industry Could be “First to Suffer” From Trump’s Immigration Stances

Chinese President Xi Jinping made an impassioned call against protectionism Saturday as Chinese state media blasted Trump for trade-bashing that could drag the world into “deeper economic distress.” Mexican President Enrique Pena Nieto defended his country’s trade relationship with the U.S., but took a cautious approach to Trump’s pledge to renegotiate the North American Free Trade Agreement.

“In the face of Trump’s positioning, we’re now in a stage of favoring dialogue as a way to build a new agenda in our bilateral relationship,” said Pena Nieto, whose country participates in NAFTA with the U.S. and Canada. “Mexico, like the entire world, is about to initiate a new stage with the U.S. and in commercial terms we want to give the right value to this strategic relationship between Mexico and the U.S.”

Since Obama opened the final foreign trip of his presidency in Greece on Tuesday, he has tried to reassure his counterparts that the U.S. will uphold its partnerships and obligations despite the divisive rhetoric of a campaign that ended with the election of a real estate mogul and reality TV star with no political or government experience.

Obama probably offered additional reassurance when he met earlier Saturday with Pedro Pablo Kuczynski, who took office as Peru’s president this year. The leaders made no public comments as they appeared before a contingent of U.S. and Peruvian news media.

Why We Still Need to Fight for Open Borders in the Age of Trump

On Friday, before Obama arrived in Peru’s oceanfront capital, Kuczynski warned that the U.S. presidential election is a sign of intensifying hostility toward free trade that threatens the global economy. He told delegates gathering for the Asia-Pacific Economic Cooperation Forum that global trade had stopped growing in the past two years, and would only worsen if nations wall off their economies.

“It is fundamental that world trade grow again and that protectionism be defeated,” said Kuczynski, who did not mention Trump by name.

Obama has argued for some time that globalization is here to stay and governments must address fears about what the changing economics mean for them.

For more on Obama, watch:

Obama was also meeting Saturday with Xi. Trump leveled harsh criticism at China during the election, threatening the Asian powerhouse with hefty import tariffs over alleged trade and currency violations.

The White House said Obama wants to review progress he and Xi had made on a range of issues.

Obama has carved out time in between meetings for one of the staples of his overseas travels: a town hall-style forum with the region’s future leaders.

He also was attending a dinner welcoming leaders from APEC’s 21-member countries.

About the Author
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Leadership

All hail London—whatever the U.K.’s new Prime Minister says 
EuropeLetter from London
All hail London—whatever the U.K.’s new Prime Minister says 
By Kamal AhmedJuly 23, 2026
3 hours ago
AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
NewslettersCFO Daily
AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
By Sheryl EstradaJuly 23, 2026
4 hours ago
ServiceNow CEO Bill McDermott pumping his fist.
AIServiceNow
Wall Street is finally starting to buy ServiceNow CEO Bill McDermott’s story as the company beats Q2 earnings forecasts
By Jeremy KahnJuly 23, 2026
4 hours ago
Paul Keary (L) and Mike Sutcliff (R).
CommentaryAI agents
Teneo & Thoughtworks CEOs: the AI race will be won with governance, not speed 
By Paul Keary and Mike SutcliffJuly 23, 2026
5 hours ago
CEOs agree there’s an affordability crisis, but how to solve it isn’t so simple
NewslettersCEO Daily
CEOs agree there’s an affordability crisis, but how to solve it isn’t so simple
By Diane BradyJuly 23, 2026
8 hours ago
Jensen Huang made his $172 billion fortune on AI chips. His family’s $75 million gift to Vanderbilt argues art decides what technology is for
Big Techphilanthropy
Jensen Huang made his $172 billion fortune on AI chips. His family’s $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
9 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
24 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
21 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
23 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.