President Donald Trump and President Xi Jinping will meet on Thursday as China’s new controls on rare earth exports rattle trade relations and trigger new US tariff threats.
The high-stakes meeting will take place in South Korea during the APEC summit. Speaking from Japan, Trump was optimistic, calling it a “big meeting” that “is going to work out very well.”
The trade war flared up recently when Beijing tightened its grip on rare earths, a critical resource. The US responded by threatening 100% tariffs on Chinese goods, starting November 1.
This escalation, which also includes new US port fees and Chinese countermeasures, has raised fears of a deepening economic conflict.
Trump, whose Asia trip is focused on trade, struck a confident note. He called the upcoming talks “fantastic” and said the outcome would be “great for everybody.”
Trump-Xi to Meet as Rare Earths Controls Rattle Trade Relations
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