Trump-Xi's Big Deal Just About to Be Signed? Here's the Leak!
The United States and China say they have reached agreement on key issues, and now the two countries are setting the stage for a meeting between President Donald Trump and President Xi Jinping this weekend. This means a major trade deal aimed at easing tensions could soon be sealed by the two leaders. After two days of negotiations in Malaysia, officials from both sides said they have reached common ground on export controls, fentanyl, and shipping costs.
US Treasury Secretary Scott Bessent said that the threat of 100% tariffs on Chinese goods is "essentially off the table." In exchange, China is reportedly prepared to purchase large quantities of US soybeans and suspend export controls on rare earth minerals for one year while reviewing the policy. This is important because rare earths are vital materials for the high-tech industry.
Bessent also said that the two countries plan to extend the temporary tariff truce, resolve differences over TikTok, and secure rare earth supplies to ensure the technology supply chain is not disrupted. The TikTok issue is also on the table because it involves data security and ownership. Ultimately, it's not just about trade figures, but also about who holds control of strategic technology.
Beyond the economic side, Trump and Xi are also scheduled to discuss global political issues, including ideas for cooperation to promote peace and, according to Bessent, Trump's efforts to seek Xi's help in ending the Russia-Ukraine war. Therefore, this meeting will not only discuss trade, but also the geopolitical positions of the world's two largest powers. The final outcome now awaits finalization by the two leaders when they meet face-to-face. (asd)
Source: Newsmaker.id
