APEC summit wraps up in Peru with Xi Jinping in spotlight as U.S. trade concerns rise
The Asia-Pacific Economic Cooperation (APEC) forum concluded in Lima, Peru, after two days of meetings focused on economic engagement. Leaders, including U.S. President Joe Biden and Chinese President Xi Jinping, gathered amid concerns about future U.S. trade policies under incoming President Donald Trump. Chinese President Xi emphasized globalization and inaugurated a new $1.3 billion port in Peru. He took a prominent position in the traditional APEC family photo, while Biden's late arrival drew attention. This summit may be Biden's last as U.S. president. The discussions highlighted the ongoing trade and security rivalry between the U.S. and China. Biden and Xi held their third and final meeting of Biden's presidency during the summit.