APEC demand multilateral trading system safeguards
Soon after the arrival of APEC leaders to the summit in Gyeongju, South Korea, the pushback against US President Donald Trump's tariff and trade policies began.
The promotion of open markets and criticism of protectionism was the focus.
We all stand at a critical turning point amid a rapidly shifting international order.
The free trade system is undergoing turbulent change, deepening global economic uncertainty, and, weakening the momentum for trade and investment.
South Korean President, Lee Jae Myung
Lee Jae Myung was not alone in attacking US trade policies and called for greater cooperation in order to overcome them.
Since each nation's interests are at stake, it is clear that we cannot always share the same position.
However, before the ultimate goal of achieving shared prosperity through unity, we can and must stand together.
South Korean President, Lee Jae Myung
Chinese President Xi Jinping spoke of support for the rules-based system and a stable global supply chain as the US continues what many see as bullying tactics.
Because China is now willing to put on more retaliatory measures, I think the competition for allies will become more intensive.
So both countries, I think, will pressure Korea and other countries as well, to say: Whose side are you on?
Yang Junsok, University Professor
The 21 APEC leaders seemed intent on expressing their frustration with the United States and President Donald Trump's tariff extortion, protectionist trade policies.
The common refrains often heard here favor multilateral cooperation and open markets.
Trump skipped the gathering, sending instead his Treasury Secretary, Scott Bessent, still leaving a hurdle for the drafting of a declaration promoting open markets due Saturday.
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