APEC Summit Highlights Tensions
The APEC Summit in Lima highlighted global tensions, focusing on trade wars, regional stability, and economic growth. Key discussions by US President Joe Biden and Chinese President Xi Jinping included concerns over Trump’s protectionist policies and North Korea’s nuclear threats. APEC, comprising 21 economies, emphasizes trade liberalization, accounting for 60% of global GDP. Biden reinforced US alliances in Asia, while China expressed worries about unilateralism and global economic fragmentation. As geopolitical dynamics evolve, APEC remains critical for fostering economic cooperation amidst increasing challenges.
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