After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of the region’s major economies, the Asia-Pacific Economic Cooperation forum wraps up with a spirit of detente that many fear the annual summit may not see again for four years.

Biden was expected to urge Xi to dissuade North Korea from further deepening its support for Russia’s war on Ukraine. Without mentioning Trump’s name, Xi appeared to signal his concern that the incoming president’s protectionist rhetoric on the campaign trail could send the U.