"Beijing has yet to confirm that they'll meet, and the two leaders have recently exchanged threats of tariffs and export restrictions. "I have a very good relationship with President Xi of China," Trump told reporters aboard Air Force One on Sunday. He offered to lower tariffs but "they have to give us some things too," including buying U.S. soybeans, reducing the flow of fentanyl ingredients and ending limits on rare earth minerals that are critical for high-tech manufacturing."
"A misstep could send shock waves through American industries that have already been rattled by Trump's aggressive tariffs, government layoffs and political brinkmanship. Trump's strategy of improvisation has had both hits and misses since he returned to office in January. Hamas returned hostages to Israel but the ceasefire in the Middle East remains fragile; a trade war with China has ebbed and flowed this year; and Russia's invasion of Ukraine hasn't slowed down despite Trump's efforts to resolve the conflict."
President Trump plans an around-the-world trip to Asia with stops in Malaysia, Japan and South Korea aimed at addressing major trade and investment issues. The itinerary includes efforts to secure foreign investment in Japan and more trade talks in South Korea, with an expected meeting with Xi Jinping still unconfirmed by Beijing. Key negotiation demands include U.S. soybean purchases, reduced flow of fentanyl ingredients and elimination of limits on rare earth minerals. The outcome carries wide economic stakes as prior tariffs, government layoffs and political brinkmanship have already unsettled American industries.
Read at Fortune
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