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Chinese President Xi Jinping emphasized the importance of economic globalization and multilateralism at the APEC summit in South Korea, which U.S. President Donald Trump notably skipped. Xi positioned China as a defender of free trade amid U.S. tariff hikes, advocating for stable supply chains and cooperation in green industries. While Trump reached agreements with Xi to ease trade tensions before leaving, concerns remain about the effectiveness of APEC in the face of U.S.-China rivalry. South Korean officials aim for a joint statement from the 21 member economies, though differing positions may hinder consensus.
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