US President Donald Trump and Chinese leader Xi Jinping are poised to hold a high-stakes summit in South Korea on Thursday, as the world’s two largest economies struggle to resolve a protracted trade conflict that has upended global economy.
Tensions have flared again in recent weeks over Washington’s expansion of export controls and China’s tightening of rare earth export curbs . The tit-for-tat escalation prompted Trump to vow new 100% tariffs on Chinese goods starting November 1.
But the United States and China made apparent progress over the weekend after the latest round of trade talks in Malaysia. Their trade deal framework set the stage for a sit-down between Trump and Xi on the sidelines of the Asia-Pacific Economic Cooperation CEO summit in South Korea. It will be the firs

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