Leaders of 21 Asian and Pacific Rim nations opened their annual summit on Friday to discuss how to promote economic cooperation and tackle shared challenges, a day after President Donald Trump and Chinese President Xi Jinping agreed to take steps to ease their escalating trade war.

Opening the summit as chair, South Korean President Lee Jae Myung called for greater cooperation and solidarity to overcome new challenges. “It's obvious that we can't always stand on the same side, as our national interests are at stake. But we can join together for the ultimate goal of shared prosperity," Lee said. “I hope we will have candid and constructive discussions on how we can achieve APEC's vision in the face of the new challenge of a rapidly changing international economic environment."

Meanwhile,

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