US President Donald Trump is set to meet with Chinese leader Xi Jinping at the Asia Pacific Economic Cooperation (Apec) summit in South Korea this week. The talks come as the two nations engage in a bruising trade war, with the fate of global markets hanging precariously in the balance.
The agenda for Trump's meeting with Xi is expected to be wide-ranging, but key issues include the ongoing trade tensions between the US and China. The two countries have been locked in a standoff over tariffs and trade imbalances, with Beijing imposing new export controls on rare earths, crucial components in the production of smartphones and fighter jets.
The issue of rare earths is a particular point of contention, with China holding near-complete control over the refining processes needed to make these minerals useful. Trump has been making deals with other countries to circumvent this chokehold, but it remains high on the agenda for his meeting with Xi.
In addition to trade, the two leaders are also expected to discuss issues related to Russia and Ukraine. Trump has sought China's assistance in dealing with Vladimir Putin's aggressive behavior, while China has opposed US sanctions on Russian oil companies.
Another sensitive topic likely to come up is Taiwan, which China claims as its own but the US recognizes as a sovereign state. Trump has kept his stance on this issue ambiguous, but US Secretary of State Marco Rubio has made it clear that abandoning Taiwan would not be part of any trade deal with China.
The talks also come against the backdrop of human rights issues in Hong Kong, where Chinese authorities have cracked down on pro-democracy activists, including prominent media mogul Jimmy Lai. Trump's meeting with Xi may offer an opportunity for him to pressure Beijing on this issue.
Overall, the meeting between Trump and Xi will be closely watched by markets and policymakers around the world, who are eager to see if the two nations can chart a path forward out of the trade war and find common ground on other pressing issues.
The agenda for Trump's meeting with Xi is expected to be wide-ranging, but key issues include the ongoing trade tensions between the US and China. The two countries have been locked in a standoff over tariffs and trade imbalances, with Beijing imposing new export controls on rare earths, crucial components in the production of smartphones and fighter jets.
The issue of rare earths is a particular point of contention, with China holding near-complete control over the refining processes needed to make these minerals useful. Trump has been making deals with other countries to circumvent this chokehold, but it remains high on the agenda for his meeting with Xi.
In addition to trade, the two leaders are also expected to discuss issues related to Russia and Ukraine. Trump has sought China's assistance in dealing with Vladimir Putin's aggressive behavior, while China has opposed US sanctions on Russian oil companies.
Another sensitive topic likely to come up is Taiwan, which China claims as its own but the US recognizes as a sovereign state. Trump has kept his stance on this issue ambiguous, but US Secretary of State Marco Rubio has made it clear that abandoning Taiwan would not be part of any trade deal with China.
The talks also come against the backdrop of human rights issues in Hong Kong, where Chinese authorities have cracked down on pro-democracy activists, including prominent media mogul Jimmy Lai. Trump's meeting with Xi may offer an opportunity for him to pressure Beijing on this issue.
Overall, the meeting between Trump and Xi will be closely watched by markets and policymakers around the world, who are eager to see if the two nations can chart a path forward out of the trade war and find common ground on other pressing issues.