China’s Xi defends multilateralism at APEC after striking deal with Trump
Summary
President Xi Jinping of China spoke at the APEC summit, calling for global cooperation and support for free trade. President Donald Trump skipped the summit but made several deals with China to ease the trade war. Xi also held talks with leaders from South Korea, Japan, and Canada about various regional and trade issues.Key Facts
- President Xi Jinping advocated for economic globalization and cooperation at the APEC summit in South Korea.
- Xi emphasized the importance of working together during times of global change and complexity.
- President Donald Trump, who left South Korea before the summit, made deals with China to help ease trade tensions.
- Trump and Xi's agreements included China allowing rare earth element exports and buying U.S. soybeans in exchange for reducing tariffs.
- Xi criticized U.S. efforts to disconnect supply chains from China and pushed for cooperation in green energy and industries.
- Xi met with South Korean President Lee Jae Myung to discuss denuclearization and talked with Japan's Prime Minister about diplomatic relations.
- Xi's discussions with Canadian Prime Minister Mark Carney focused on trade, expected to lead to significant economic deals.
- The APEC summit included representatives from 21 countries addressing economic cooperation and global challenges.
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