Story perspectives

Canada Ends Free Trade Rules, Shifts Focus to China

10/31/2025

28 3

Summary

Story summary

Canadian Prime Minister Mark Carney announced the end of rules-based free trade at the APEC summit in Gyeongju, South Korea, citing significant global changes.
Carney stated Canada aims to diversify trade from the U.S. and strengthen relations with China, a move welcomed by Chinese President Xi Jinping.
Xi criticized U.S. protectionism and called for global cooperation amid rising tensions.
U.S. Treasury Secretary Scott Bessent attended the summit in place of President Trump, raising concerns about U.S. regional engagement.
Japan's Prime Minister Sanae Takaichi expressed a desire for constructive dialogue with China despite ongoing territorial disputes.

1 of 1

Story summary

Canadian Prime Minister Mark Carney announced the end of rules-based free trade at the APEC summit in Gyeongju, South Korea, citing significant global changes.
Carney stated Canada aims to diversify trade from the U.S. and strengthen relations with China, a move welcomed by Chinese President Xi Jinping.
Xi criticized U.S. protectionism and called for global cooperation amid rising tensions.
U.S. Treasury Secretary Scott Bessent attended the summit in place of President Trump, raising concerns about U.S. regional engagement.
Japan's Prime Minister Sanae Takaichi expressed a desire for constructive dialogue with China despite ongoing territorial disputes.