APEC summit wraps up in Peru with Xi Jinping in the spotlight as U.S. trade leadership faces uncertainty
The Asia-Pacific Economic Cooperation (APEC) forum concluded in Lima, Peru, after two days of meetings among 21 leaders, including U.S. President Joe Biden and Chinese President Xi Jinping. The summit focused on economic engagement amid concerns about future U.S. trade leadership under incoming President Donald Trump. Chinese President Xi emphasized globalization and inaugurated a $1.3 billion megaport in Peru. He took a prominent position in the traditional APEC family photo, while Biden's late arrival drew attention. Biden and Xi are set to meet for the third time during Biden's presidency, following their last meeting at APEC in California a year ago. The discussions highlighted the ongoing trade and security rivalry between the U.S. and China.