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From Rare Earths to Russian Oil, Here’s What Trump Hopes to Get Out of Xi Meeting

The leaders aim to ease trade tensions with a deal on tariffs, rare earth exports, and agricultural purchases while addressing geopolitical issues including Taiwan and Ukraine.

  • On Oct 29, U.S. President Donald Trump arrives in South Korea for the final stop of his five-day Asia tour and will meet Chinese President Xi Jinping on Oct 30 in Gyeongju, South Korea during the Asia-Pacific Economic Cooperation forum.
  • Negotiators from the U.S. and China have hashed out a trade framework, prompting optimism from U.S. officials and the White House despite experts doubting all issues will resolve before Thursday.
  • Agenda items include Taiwan, Russia's war in Ukraine and America's fentanyl crisis, with Trump saying, `I have a lot of respect for President Xi and we are going to, I think, come away with a deal.`
  • Stock markets jumped on Oct 27 after U.S. officials said negotiators hashed out a framework, though analysts warned of heightened volatility; Thursday's meeting could shape U.S.-China relations for Trump's second term.
  • China produces almost 70 per cent and processes nearly 90 per cent of rare earths, while its $219.5bn energy purchases from Russia offer Beijing key leverage beyond tariffs.
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All eyes are focused on Trump and Xi meeting in South Korea. Can the US President and China's head of state and party defuse their trade conflict? The American mentions first details.

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The Daily Signal broke the news in Washington, United States on Monday, October 27, 2025.
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