Trump, Xi Meeting On Track In South Korea
The United States has confirmed that President Donald Trump is still scheduled to meet Chinese leader Xi Jinping in South Korea later this month. The statement comes even as trade frictions escalate between the two countries. Treasury Secretary Scott Bessent said staff-level discussions have helped ease tensions, and further talks will continue alongside the IMF–World Bank meetings in Washington this week.
Markets Respond
Bessent suggested that Washington may reconsider tariff measures if talks show progress. His comments lifted investor sentiment, with global markets rebounding on hopes of a possible breakthrough. The meeting is expected to take place around the APEC events, giving both sides an opportunity to publicly reset their trade positions.
Trade Dispute Context
The planned summit follows China’s imposition of export controls on rare earth minerals and Washington’s threats of tariffs of up to 100 percent on Chinese goods from November 1. While both sides have exchanged sharp warnings, they continue to leave the door open for negotiation. Analysts say the Trump-Xi meeting could be decisive in determining whether relations stabilize or slide into deeper confrontation.
