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U.S. and China plan high-level talks after Trump delayed tariffs amid rare earth export tensions ahead of APEC summit.
U.S. President Donald Trump is still expected to meet Chinese leader Xi Jinping at the late October APEC summit in South Korea, despite recent uncertainty, according to Treasury Secretary Scott Bessent.
The potential meeting follows China’s export controls on rare earth elements and Trump’s threat of 100% tariffs, which triggered market volatility.
Bessent said talks have resumed, with staff-level discussions planned in Washington, and that Trump delayed tariffs until November.
Markets rebounded as tensions eased.
While Trump questioned the summit on Truth Social, citing China’s export rules, officials in Seoul remain cautious, hoping to maintain diplomatic momentum despite the fluid situation.
Estados Unidos y China planean conversaciones de alto nivel después de que Trump retrasó los aranceles en medio de las tensiones de exportación de tierras raras antes de la cumbre de APEC.