Overview
- President Donald Trump and President Xi Jinping agreed to dial back recent trade steps, including a pause on China’s planned rare‑earth export controls and the resumption of Chinese purchases of U.S. soybeans.
- The understanding features selective easing such as reported fee and tariff relief but no written deal, leaving unresolved issues around advanced semiconductors, TikTok and enforcement mechanisms.
- Xi met Prime Minister Mark Carney, who accepted an invitation to visit China, and both leaders told officials to move quickly on practical fixes involving electric vehicles, canola and seafood.
- Trump said Carney apologized for an Ontario anti‑tariff ad and he refused to resume U.S.–Canada negotiations, after previously threatening an additional 10% tariff on Canadian goods.
- APEC’s closing sessions were overshadowed by the Trump‑Xi encounter as Xi also met Japan’s new premier and other leaders and urged supply‑chain stability and opposition to protectionism.