<h1>Asia-Pacific leaders agree to de-escalate tariffs and export controls, pursue nonbinding cooperation on digital trade, AI, supply chains</h1> Leaders of 21 Asia-Pacific economies convened amid a high-profile meeting between the heads of the region's two largest economies, who agreed to de-escalate trade measures including tariff rollbacks and eased export controls. The accord may reduce immediate risks of heightened trade restrictions and related litigation, but persistent strategic competition and divergent national policies limit prospects for binding multilateral commitments. Host-state efforts aim for a nonbinding joint declaration emphasizing peace, prosperity, regulatory harmonization on digital trade and AI, and cooperation on supply-chain resilience and demographic challenges; however, legal uncertainty remains as individual members retain unilateral trade and industrial policies.