Trump and Xi to Meet at APEC Summit: Focus on U.S.-China Relations
U.S. President Donald Trump and Chinese President Xi Jinping are set to meet on the 30th of this month during the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea. This meeting marks their first encounter in over six years, since the G20 summit held in Osaka, Japan in June 2019.
The White House announced on the 23rd (local time) that President Trump is scheduled to hold talks with President Xi on the 30th. While the exact location of the meeting has not been officially disclosed, it is highly likely to take place in Gyeongju.
Since the beginning of Trumps second term in January, tensions between the U.S. and China have escalated over tariffs, rare earths, semiconductor technology, agricultural purchases, and the fentanyl crisis. As a result, there is significant interest in whether the upcoming meeting can lead to any resolution of these conflicts.
Currently, analysts in Washington express skepticism about the possibility of a big deal that could comprehensively resolve these issues. The prevailing view is that it is challenging to narrow the differences between the two nations given their ongoing rivalry for global dominance.
However, many experts believe that a small deal resulting in some level of agreement is feasible. Both the U.S. and China are keen to avoid a situation where tensions escalate further or become protracted. The high tariff policies currently in place are not sustainable in the long term. Even President Trump has stated that the proposed 100% additional tariffs on China are not sustainable. This is due to the potential backlash in the U.S. as rising import prices and decreased demand could lead to economic slowdown.
Therefore, it is in the best interest of the U.S. to quickly achieve its goals from China before the situation worsens. The cessation of soybean imports could harm American farmers in the Midwest, and tighter controls on rare earth exports could negatively affect the U.S. defense industry, among other consequences.
As the leaders prepare for their crucial talks, the world watches closely to see if any breakthrough can be achieved in the fraught U.S.-China relationship.
The White House announced on the 23rd (local time) that President Trump is scheduled to hold talks with President Xi on the 30th. While the exact location of the meeting has not been officially disclosed, it is highly likely to take place in Gyeongju.
Since the beginning of Trumps second term in January, tensions between the U.S. and China have escalated over tariffs, rare earths, semiconductor technology, agricultural purchases, and the fentanyl crisis. As a result, there is significant interest in whether the upcoming meeting can lead to any resolution of these conflicts.
Currently, analysts in Washington express skepticism about the possibility of a big deal that could comprehensively resolve these issues. The prevailing view is that it is challenging to narrow the differences between the two nations given their ongoing rivalry for global dominance.
However, many experts believe that a small deal resulting in some level of agreement is feasible. Both the U.S. and China are keen to avoid a situation where tensions escalate further or become protracted. The high tariff policies currently in place are not sustainable in the long term. Even President Trump has stated that the proposed 100% additional tariffs on China are not sustainable. This is due to the potential backlash in the U.S. as rising import prices and decreased demand could lead to economic slowdown.
Therefore, it is in the best interest of the U.S. to quickly achieve its goals from China before the situation worsens. The cessation of soybean imports could harm American farmers in the Midwest, and tighter controls on rare earth exports could negatively affect the U.S. defense industry, among other consequences.
As the leaders prepare for their crucial talks, the world watches closely to see if any breakthrough can be achieved in the fraught U.S.-China relationship.
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