Overview
- APEC’s 21 economies adopted the Gyeongju Declaration committing to expand trade and investment and strengthen supply‑chain resilience.
- Leaders issued separate statements on coordinating approaches to artificial intelligence and addressing aging populations and declining birthrates.
- A Trump–Xi meeting in Busan produced a reported one‑year commercial truce, after which Trump departed early and Xi emerged as the summit’s central figure promoting open trade.
- Xi held bilaterals with Japan, Canada and South Korea; Ottawa and Beijing agreed to rebuild ties and tackle trade frictions, and North Korea dismissed Seoul’s denuclearization push as unrealistic.
- Media reports described potential truce elements — lower average U.S. tariffs on Chinese goods and a one‑year pause on China’s rare‑earth export controls — that remain unconfirmed and not codified.