China to Host APEC 2026 in Shenzhen as Xi and Trump Reach Trade Agreement
China will host the APEC Economic Leaders' Meeting in November 2026 in Shenzhen. Xi Jinping and Donald Trump reached an agreement to end the tariff war. US will reduce the 'Fentanyl tariff' from 20% to 10% and overall tariffs on China from 57% to 47%. China will lift export controls on rare-earth metals and import US soybeans. The US will lift restrictions on semiconductor chip exports. Trump plans to visit China in April 2026, with Xi visiting the US afterward. Xi emphasized strengthening cooperation, deepening technological collaboration, and promoting responsible AI development in Asia-Pacific economies.
*this image is generated using AI for illustrative purposes only.
Chinese President Xi Jinping has announced that China will host the APEC Economic Leaders' Meeting in November 2026 in Shenzhen. This announcement, made during the concluding session of the current APEC meeting in Gyeongju, South Korea, marks China's third time hosting the summit.
US-China Trade Agreement
In a significant development, Xi Jinping and US President Donald Trump have reached an understanding to end the tariff war between the two economies. The key points of the agreement include:
| Aspect | Details |
|---|---|
| US Tariff Reduction | 'Fentanyl tariff' reduced from 20.00% to 10.00% |
| Overall US Tariffs on China | Lowered from 57.00% to 47.00% |
| Chinese Actions | - Lifting export controls on rare-earth metals |
| - Importing US soybeans | |
| US Actions | Lifting restrictions on semiconductor chip exports |
Planned State Visits
As part of the ongoing diplomatic efforts:
- Trump plans to visit China in April 2026
- Xi is scheduled to visit the US afterward
Xi's Vision for Asia-Pacific Economies
During the announcement, Xi emphasized several key points for Asia-Pacific economies:
- Strengthening cooperation
- Deepening technological collaboration
- Promoting responsible AI development
Xi highlighted Shenzhen's transformation from a fishing village to an international metropolis as a representation of China's opening-up strategy.
APEC 2026 in Shenzhen
The selection of Shenzhen as the host city for APEC 2026 is significant. As a symbol of China's economic reform and opening-up policy, Shenzhen's hosting of this important international event underscores China's commitment to global economic cooperation and its role in the Asia-Pacific region.
This announcement comes at a time of evolving global trade dynamics and technological advancements. The choice of Shenzhen, known for its technological innovation and rapid development, aligns with Xi's emphasis on technological collaboration and responsible AI development in the Asia-Pacific region.
The upcoming APEC summit in Shenzhen is expected to focus on fostering economic cooperation, addressing trade challenges, and promoting sustainable growth in the Asia-Pacific region.
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