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APEC leaders wrap up summit after Trump and Xi reach truce in trade war

APEC leaders wrap up summit after Trump and Xi reach truce in trade war

Summary

Leaders from Asia and the Pacific region finished a summit, focusing on trade and investment. President Trump and China's President Xi agreed to a truce in their trade dispute during this meeting. The APEC declaration emphasized working together for economic growth and cooperation in various fields like artificial intelligence.

Key Facts

  • The APEC summit in South Korea concluded with a focus on trade and investment.
  • President Trump and President Xi agreed on a truce in their trade conflict.
  • APEC leaders underscored the importance of trade and investment for regional growth.
  • The leaders pledged to work together on artificial intelligence and demographic issues.
  • South Korean President Lee Jae Myung highlighted global economic uncertainties.
  • The APEC declaration did not directly mention multilateralism or the World Trade Organization.
  • Xi Jinping advocated for countries to cooperate in a complex global environment.
  • South Korea has economic ties with both the US and China and must balance these relationships.
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