On the right, Teresa Mera, Peru’s Minister of Foreign Trade and Tourism, attends the APEC summit on behalf of President José Jerí. Next to her are Japan’s Prime Minister Sanae Takaichi and U.S. Treasury Secretary Scott Bessent. On the left side of the photo is South Korean President Lee Jae-myung. The leaders are pictured at the Gyeongju Hwabaek International Convention Center in Gyeongbuk on the 1st, wearing traditional hanbok scarves featuring the APEC summit emblem and Hangeul consonants and vowels embossed in gold leaf. / Newsis
Global Trade

Peru to host APEC leaders’ summit in 2034 after receiving unanimous support from leaders

President Donald Trump, left, and Chinese President Xi Jinping, second left, shake hands before their meeting at Gimhae International Airport in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Photo/Mark Schiefelbein)
Global Trade

Trump announces tariff cuts on China after meeting with Xi Jinping in South Korea

Jamieson Greer, the U.S. trade representative. Photo: Kayla Bartkowski | Getty Images
Global Trade

To hit back at the United States in their trade war, China borrows from the U.S. playbook

A woman holds her coffee cup while walking in New York City on October 16, 2025. (Photo by ANGELA WEISS / AFP)
Global Trade

Brewing crisis: Java-loving New York faces soaring coffee costs amid tariffs, climate shocks

DG Okonjo-Iweala briefs non-governmental organizations, 29 February 2024. Photos: ©WTO/Prime Vision
Global Trade

WTO chief urges U.S., China to de-escalate trade war, or risk long-term hit to global growth

Shipping containers are seen at the port of Oakland, as trade tensions escalate over U.S. tariffs, in Oakland, California, U.S., March 6, 2025. REUTERS/Carlos Barria
Global Trade

Tariff uncertainty could curb investment in small businesses, UN trade agency says

A container ship is seen near the terminal in Qingdao in eastern China's Shandong province on Thursday, Oct. 9, 2025. (Chinatopix Via AP)
Global Trade

China’s exports to U.S. drop in September, while rise in global shipments hits a 6-month high

U.S. and Chinese flags are seen through broken glass in this illustration created on January 30, 2023. REUTERS/Dado Ruvic/Illustration
Global Trade

The key issues continuing to strain relations between the U.S. and China

WTO Director-General Ngozi Okonjo-Iweala. | Photo: ©WTO/Jay Louvion
Global Trade

World Trade Organization downgrades global trade growth forecast to 0.5% for next year

PHOTO: Shutterstock
Global Trade

AI set to transform global trade, says World Trade Organization report

Secretary-General Mathias Cormann at the Launch of the Interim Economic Outlook, OCDE, march 17th 2023, La Muette, Maud Bernos.
Global Trade

Full impact of U.S. tariff shock yet to come as growth holds up, OECD says

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