APEC closes with China's Xi at forefront as Trump whiplash looms

Peru free trade forum closes with specter of protectionism on horizon

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Chinese President Xi Jinping and Peru President Dina Boluarte at the APEC summit in Lima, Peru. © AP

LIMA, Peru (AP) -- After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of robust economic engagement, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for the next four years.

The 21 leaders from economies bordering the Pacific, including U.S. President Joe Biden, Chinese President Xi Jinping and Japanese Prime Minister Shigeru Ishiba, descended on Peru this week at a time when America's incoming president, Donald Trump, has vowed to withdraw the U.S. from its leadership of a global free trade agenda.

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