China
Trump on track for Xi meeting
US President Donald Trump remains on track to meet Chinese leader Xi Jinping in South Korea in late October, US Treasury Secretary Scott Bessent says, as both sides looked to ease tensions following fresh tariff threats and export controls. A return to an all-out trade war between the world’s two largest economies appeared imminent late last week, after China announced a major expansion of its rare earths export controls. Trump responded by threatening to raise tariffs on Chinese goods to triple-digits, sending markets and US-China relations into a tailspin.
