US President Donald Trump introduced on Saturday that he’ll meet Chinese President Xi Jinping on the Asia-Pacific Economic Cooperation (APEC) summit, scheduled for 31 October–1 November in Seoul.
This marks the primary gesture of appeasement for the reason that US launched a commerce struggle in April that was met with a confrontational stance from China, hitting each economies. It would even be the primary assembly between the leaders of the world’s two largest economies since 2019, throughout Trump’s first time period.
The two leaders are anticipated to debate their ongoing commerce struggle, the fentanyl disaster – which Trump hyperlinks to unlawful Chinese shipments to the United States – Russia’s struggle in Ukraine, and the approval of the sale of TikTok’s US operations, in response to a put up by Trump on his Truth Social account. The assembly was additionally confirmed by the Chinese Embassy within the US on X.
Since April’s “Liberation Day“, the 2 financial titans have been concentrating on one another’s economies with tariffs, restrictions and bans. Just two days in the past, US chip designer Nvidia was hit with a recent ban from the Chinese Cyberspace Administration over its sought-after AI-enabling chips.
US-China talks earlier this week urged a framework for promoting ByteDance’s US TikTok operations is in place, although particulars haven’t been made public. According to the Wall Street Journal (19 September), US cloud supplier Oracle, enterprise capital fund Andreessen Horowitz and personal fairness agency Silver Lake Management might be concerned within the deal.
Any deal would see the creation of a board dominated by Americans, the White House stated Saturday.
“There shall be seven seats on the board that controls the app within the United States, and 6 of these seats shall be Americans,” White House press secretary Karoline Leavitt instructed Fox News.
She stated a deal might be signed “within the coming days.”
Following Trump’s name for US allies to punish international locations aiding Russian chief Vladimir Putin in dodging sanctions over the Ukraine struggle, the EU is set to focus on a dozen Chinese corporations in its subsequent sanctions package deal.
updating with remark from White House press secretary
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