Overview
- Leaders adopted the Gyeongju Declaration committing the 21 APEC economies to expand trade and deepen regional economic cooperation.
- APEC also issued separate commitments to coordinate responses to artificial intelligence disruptions and to address aging populations and declining birth rates.
- Trump and Xi agreed to a one‑year commercial pause with reported elements such as lower tariffs, eased rare‑earth controls, resumed U.S. soy sales, fentanyl cooperation, and talks on TikTok and advanced chips that still require formalization.
- Trump departed South Korea after the bilateral, leaving Treasury Secretary Scott Bessent to represent the U.S., as Xi held high‑profile meetings with Japan, Canada and South Korea and cast China as a defender of open trade.
- Peru received unanimous support to preside over APEC in 2034, according to its Foreign Ministry.