APEC Summit in South Korea Concludes After Trump-Xi Trade Truce Eases Global Tensions

Gyeongju, South Korea, November 1, 2025: The Asia-Pacific Economic Cooperation (APEC) Summit wrapped up on Saturday in Gyeongju, South Korea, following a high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping, which led to a temporary truce in the ongoing U.S.-China trade conflict.

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Nov 1, 2025 - 17:23

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Leaders of the 21 member economies gathered at the annual forum welcomed the announcement, which de-escalated some of the most significant trade tensions affecting the global economy. Officials described the agreement as a “measured pause” in tariff escalation, giving businesses and markets around the world a sense of relief.

The summit was largely dominated by discussions surrounding the Trump-Xi meeting on Thursday, where both leaders agreed to roll back certain trade measures and explore further negotiations to prevent further economic disruption.

Regional and international stakeholders hailed the truce as a positive signal, emphasizing that stability in U.S.-China trade relations is critical for Asia-Pacific economies and global markets. Analysts suggested that while the truce is temporary, it sets the stage for more structured talks aimed at long-term resolution.

Aside from trade, APEC delegates also discussed economic recovery, digital innovation, and sustainable development initiatives for the region, though media coverage was largely focused on the U.S.-China developments.

The Gyeongju summit concluded with a joint statement reaffirming the commitment of member economies to cooperation, growth, and a rules-based trade system, signaling cautious optimism for the months ahead.