For the first time in the history of APEC, leaders from the 21 Asia-Pacific member nations were unable to agree on a formal written declaration on Sunday amid sharp differences over trade policy as US and China vie for influence in the region, Agence-France Presse reports. Speaking in the Papua New Guinean capital, US Vice President Mike Pence said there would be no end to American tariffs until China changed its ways, after its President, Xi Jinping, warned that the shadow of protectionism and unilateralism was hanging over global growth. French Finance Minister Bruno Le Maire warned that there was a “real risk” that a Cold War between China and the United States could arise out of the trade tensions between the two and that every country in the world would lose out, WSFA12 News reports.