United States President Donald Trump and Chinese language President Xi Jinping can be assembly on Thursday, October 29, in South Korea on the sidelines of Asia-Pacific Financial Cooperation (APEC) summit of 21 international locations in Gyeongju simply because the tariff tussle – from uncommon earths to soybeans and port charges – continues between their international locations.
A day in the past, Donald Trump had confirmed his “huge” and “implausible” assembly with Xi Jinping that he stated will “work out very well” and clear up a “lot of issues.”
“I will likely be assembly President Xi in the present day…a really implausible assembly….It is a huge assembly. I feel it’ll work out very well. It is going to be nice for everyone,” Trump stated. Forward of leaving on his tour, Trump had stated that the US had been speaking to the Chinese language and “we’re not simply strolling into the assembly chilly.”
“I feel we’ll have an excellent consequence for our nation and for the world, truly.”
Trump-Xi assembly: What to anticipate?
Stories recommend {that a} potential interim deal between the US and China might contain partial tariff aid, and Chinese language commitments to buy US-made soybeans and Boeing plane.
If all the pieces goes properly, Washington might enable extra superior pc chips to be exported to Beijing, in alternate for China easing restrictions on uncommon earth magnets – a prime precedence for the US.
Trump grew livid earlier this month after Beijing launched new export controls on uncommon earth parts very important to expertise manufacturing and warned of steep retaliatory tariffs. In response, his administration threatened to limit exports of merchandise containing US software program
Trump has stated he needs China to purchase extra US soybeans after the nation halted all purchases, which totaled $12.6 billion in 2024.
All eyes are additionally on talks on reducing 20 % tariffs on Chinese language items associated to fentanyl, or lifting the port charges each international locations have imposed on one another’s vessels.
Taiwan might additionally characteristic within the talks between the US and China. Trump didn’t rule out Taiwan arising in talks, saying Xi “would possibly wish to discuss it”.
Earlier within the day, the Trump administration signaled that it might have lastly reached a cope with China to maintain TikTok working within the US. Treasury Secretary Scott Bessent informed CBS that the 2 leaders will “consummate that transaction on Thursday in Korea.”
