China’s Xi promises to protect free trade at APEC as Trump snubs major summit
Summary
Chinese leader Xi Jinping promised to support global free trade at the Asia-Pacific Economic Cooperation (APEC) summit, which President Donald Trump did not attend. Trump and Xi reached an agreement to reduce trade tensions, with the U.S. planning to cut tariffs on China and China agreeing to buy more American products. Despite these agreements, Trump chose to skip the APEC summit, which focuses on international economic cooperation.Key Facts
- Xi Jinping attended the APEC summit in Gyeongju, South Korea, and emphasized the importance of global cooperation.
- President Trump did not go to the summit but had a meeting with Xi earlier to ease U.S.-China trade tensions.
- The U.S. plans to lower tariffs on Chinese goods, and China agreed to purchase American soybeans and export rare earth elements.
- The APEC summit represents a significant portion of the global population and trade but faced challenges like U.S.-China competition.
- Xi met with leaders from Japan, Canada, and Thailand to discuss building stable international relations.
- APEC aims to promote free and open trade among its members, facing issues such as supply chain vulnerabilities and economic competition.
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