As Trump and Xi near deal, few see letup in heated US-China rivalry
Summary
President Donald Trump and Chinese President Xi Jinping are set to meet to discuss easing tensions between the U.S. and China. They are expected to agree on some measures to prevent further conflict, although many existing trade issues will continue. Talks will occur on the sidelines of the APEC summit in Gyeongju, South Korea.Key Facts
- President Trump and President Xi Jinping are meeting for the first time since 2019.
- The two leaders aim to lower the rivalry between the U.S. and China during this meeting.
- China plans to start export controls on rare earths from December 1.
- Trump is expected to drop a proposed 100% tariff on Chinese goods.
- China may increase its purchase of U.S. soybeans and help stop fentanyl chemical flow.
- US-China trade tensions have led to high tariffs and restrictions for both countries.
- Washington has restricted Chinese firms over national security concerns, and China has imposed controls and investigations on U.S. companies.
- Declines in trade flows between the two countries have been noted, with specific falls in exports and imports.
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