Asia-Pacific leaders address global challenges on final day of summit in Peru

Leaders from the Asia-Pacific region are discussing global challenges, including climate change and economic resilience, during the final day of a summit in Peru. A meeting between U.S. President Joe Biden and Chinese President Xi Jinping is anticipated. The summit, involving 21 economies, addresses key issues like low-carbon hydrogen policies and fair trade. However, tensions between Washington and Beijing overshadow discussions, especially with President-elect Donald Trump’s promise of new tariffs on imports, particularly from China. Xi Jinping highlighted China's role by inaugurating a major port in Peru, enhancing direct shipping routes to Asia. The growing Chinese influence in South America poses challenges for U.S. interests in the region, where China has become a key trade partner.