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News|International TradeTrump-Xi meeting still on despite trade tensions, says US’s BessentThe secretary of the US Treasury says President Trump may call off his 100 percent tariff threat on China as negotiations continue.

United States President Donald Trump plans to meet Chinese President Xi Jinping in South Korea in late October, as confirmed by US Treasury Secretary Scott Bessent. This meeting is set to proceed despite ongoing trade tensions between the two nations.

LBy Lucas GallagherOct 14, 20251 min read

United States President Donald Trump plans to meet Chinese President Xi Jinping in South Korea in late October, as confirmed by US Treasury Secretary Scott Bessent. This meeting is set to proceed despite ongoing trade tensions between the two nations.

According to Bessent, recent trade measures between the US and China have been substantially de-escalated. This follows a series of trade actions that had the potential to escalate into a trade war.

On October 9, China expanded export controls on rare earth minerals, prompting President Trump to announce a 100 percent tariff on Chinese goods, effective November 1. Despite this, Bessent noted that communications between the two countries have been substantial, with further staff-level meetings anticipated.

Bessent emphasized that the proposed tariffs could be avoided if both parties reach a consensus through ongoing negotiations. He affirmed that the planned meeting between Trump and Xi at the Asia-Pacific Economic Cooperation (APEC) forum in South Korea is expected to occur as scheduled.

This meeting is set to proceed despite ongoing trade tensions between the two nations.
Lucas Gallagher · Thehackingpost

Bessent highlighted the positive relationship between Trump and Xi, suggesting that recent policy changes regarding rare earth elements may not have originated from Xi directly. The US administration has expressed readiness to resolve the disagreements through dialogue.

The United States has communicated with its allies, including those in Europe, India, and Asia, seeking support against China's new export controls. These controls require foreign companies to obtain approval from Beijing to export products containing Chinese rare earth elements and to disclose their intended use.

China's Ministry of Commerce stated that these restrictions were in response to US actions, including blacklisting Chinese firms and imposing port fees on China-linked ships. Beijing has criticized the US measures as provocative and damaging.

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China holds a dominant position in the production of rare earth minerals, which are essential for manufacturing technologies such as electric vehicles, smartphones, semiconductors, and weapons. The US is a significant consumer of these minerals, which are vital for its defense industry.

Based on reporting by Al Jazeera.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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