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

WASHINGTON, DC - JULY 04: President Donald Trump bangs a gavel after signing the "One, Big Beautiful Bill" Act into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025 in Washington, DC. (Photo by Alex Brandon - Pool/Getty Images)
Politics

Budget office says Trump’s tax law will add $3.4 trillion to deficits, leave 10 million uninsured

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