Photo: ca.finance.yahoo.com
Trump and Xi Set for Key South Korea Meeting Amid Rising Trade Tensions
U.S. President Donald Trump is set to meet Chinese leader Xi Jinping in South Korea to address escalating trade tensions and recent tariff threats.
- The meeting between Donald Trump and Xi Jinping is scheduled for late October in South Korea, aiming to de-escalate rising trade tensions between the United States and China.
- China announced a significant expansion of its rare earths exports amid increasing threats of tariffs, heightening the likelihood of a renewed trade war.
- United States Secretary of the Treasury Scott Bessent confirmed the meeting, indicating both nations interest in easing tensions following recent tariff threats and export control measures.
Why It Matters
This meeting is crucial as it represents a potential turning point in U.S.-China relations, which are vital for global trade stability. The outcome may influence not only economic policies but also international diplomatic dynamics.