Balancing Act: APEC 2025 Amid Global Trade Tensions
The Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, faces a critical test as leaders from major economies meet amidst global trade tensions. Key attention is on U.S. President Trump and China's Xi Jinping, whose trade feud challenges the group's commitment to free trade and economic cooperation.
- Country:
- South Korea
The Asia-Pacific Economic Cooperation (APEC) summit is set to convene this week in Gyeongju, South Korea, bringing together leaders from significant Pacific Rim economies such as the United States, China, and Japan. The annual meeting, traditionally a pillar of free trade, faces unprecedented challenges under the shadow of rising global trade tensions.
Amid escalating trade conflicts, particularly between the United States and China, marked by punitive tariffs and export restrictions, the forum's host, South Korea, finds itself navigating a complex diplomatic landscape. Observers anticipate that the main focus will be the meeting between U.S. President Donald Trump and Chinese leader Xi Jinping.
Complicating matters further is the U.S.'s departure from its traditional role of promoting multilateralism, which experts say could lead to a significant rebranding of APEC's mission. Despite these tensions, discussions will also encompass important issues such as artificial intelligence and demographic changes, illustrating the forum's adaptability.
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