Chinese President Xi Jinping and U.S. leader Donald Trump announced progress in resolving trade disputes during talks ahead of the 32nd APEC Leaders’ Meeting in Busan. The two leaders confirmed their economic teams reached consensus on solutions to longstanding issues, signaling potential relief for global markets.
President Xi emphasized that economic cooperation should act as a stabilizing force in bilateral relations, urging both nations to prioritize long-term mutual benefits over short-term disputes. "Economic and trade interactions must remain ballast and a driver of ties, not obstacles," Xi stated during Thursday's meeting.
The development comes as businesses and investors worldwide monitor U.S.-China trade relations, which significantly impact global supply chains and financial markets. Analysts suggest the progress could ease tensions that have affected sectors from technology to agriculture across Asia-Pacific economies.
Both leaders agreed to expand cooperation lists while narrowing problem lists through continued dialogue, adhering to principles of equality and mutual benefit. The announcement follows recent tariff escalations that had raised concerns among APEC members about regional economic stability.
