Trump-Xi Meeting Expected to Address Trade Tensions Amid Rising Geopolitical Risks
U.S. President Donald Trump is set to meet Chinese leader Xi Jinping in Washington on Thursday for a pivotal discussion covering trade, tariffs, and technology issues between the world's two largest economies. The meeting comes amid heightened tensions since their last encounter in May, with U.S. officials criticizing China for not adhering fully to previous trade agreements. Key topics include export curbs by China on critical minerals affecting global supply chains and potential extensions of a one-year trade truce. Trump has delayed the release of an excess capacity report until after the summit and is expected to suspend most tariffs, leaving only a 7.5% duty in place. The meeting will also be closely watched as it could influence upcoming EU-China negotiations scheduled for early October. Bloomberg Economics suggests that while trade tensions have eased since their last meeting, risks remain due to ongoing U.S. tariff policies. The event is part of broader global economic developments including business surveys from Japan and the euro zone, potential interest rate decisions in Norway, and new OECD forecasts.
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Topics: global supply chains tariffs trade negotiations U.S.-China relations