There was an APAC trade treaty called the TPP that Rodham-Clinton/Obama pulled out of which would have done exactly that. They were forced to withdraw because of pressure from unions, ie labor not capital.

Now it's the CPTPP and doesn't include the US.

Canada is looking to the Pacific and EU for trade now (and China as well), so is Mexico.

It's likely that the EU/UK trade bloc will connect with the CPTPP via both the UK and Canada, which connects them to the APAC/ASEAN nations.

Everyone is aware of the power of the Chinese economy and the idea of the CPTPP is precisely to build up a trade economy that can compete and co-operate with China on an equal basis.

In the meantime, China is using its Belt & Road Initiative as a sort of "Marshall Plan" to extend its influence by building infrastructure like ports and rail.

These trade initiatives are at least focused on increasing trade, as opposed to the US "trade policy" which is to use tariffs as a crude form of protectionism and extortion to "bring manufacturing back".