APEC Summit to Close in South Korea After Trump, Xi Agreed on Trade Truce

Chinese President Xi Jinping meets with U.S. President Donald Trump in Busan, South Korea, Oct. 30, 2025. (Photo by Huang Jingwen/Xinhua via Getty Images)

GYEONGJU, South Korea (AP) — Leaders of 21 Asian and Pacific Rim nations are to set to wrap up their annual economic forum, as the world is relieved after President Donald Trump and Chinese President Xi Jinping agreed on a temporary truce on their trade war. As the host nation, South Korea has been prodding members to adopt a joint declaration at the end of APEC’s second and final day session on Saturday. During the APEC summit’s opening session Friday, Xi said China would support global free trade and supply chain stability in an apparent effort to position his country as an alternative to Trump’s protectionist policies.

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