After two days of the Asia-Pacific Economic Cooperation summit in the South Korean city of Gyeongju, APEC leaders issued a joint statement pledging greater cooperation to overcome shared challenges in a global economy hit hard by trade tensions between the U.S. and China, the world’s two largest economies.
On Thursday, U.S. President Donald Trump and China’s Xi Jinping — who met on the sidelines of the APEC summit — dialed back earlier steps and agreed to de-escalate trade tensions. Trump, known for his dismissal of multilateralism, quickly left South Korea after the agreement with Xi, allowing the Chinese president to steal the limelightat the summit.
