The Parisian club has now secured the prestigious trophy on 14 separate occasions.
Paris Saint-Germain needed a dramatic equaliser followed by a successful penalty shootout to get past Marseille in Kuwait and capture a fourth straight Trophee des Champions title.
The European champions seemed to be sailing towards a straightforward triumph in the match featuring the Ligue 1 winners and the Coupe de France winners after the French winger found the net in the opening stages.
However, the southern French side struck twice late to take a shock lead. First, Mason Greenwood scored from the spot-kick, before Willian Pacho inadvertently turned the ball into his own net for an own goal.
In a remarkable twist of fortune, Goncalo Ramos snatched a vital leveler in the dying seconds to send the contest into a penalty shootout. The Parisian shot-stopper Lucas Chevalier then emerged as the hero, stopping crucial attempts from O'Riley and Traore.
From the spot, Ramos, Vitinha, the full-back, and the young talent all converted successfully for Paris Saint-Germain to complete a 4-1 shootout victory.
The record champions PSG, who met last season's Ligue 1 runners-up Olympique de Marseille after achieving a domestic double, have now won this trophy for the 12th time in the last 13 seasons.