The meeting between US President Donald Trump and Chinese President Xi Jinping aims to ease international tensions amidst conflict in the Middle East and rising oil costs. The leaders are expected to discuss trade and Taiwan, with the US, Iran no closer to ending war as Qatari tanker sails toward Strait of Hormuz.
Amidst conflict the in the Middle East and rising oil costs, the meeting between the world's largest two economies aims to focus on easing international tensions.
President Donald Trump, left, and Chinese President Xi Jinping shake hands before their meeting at Gimhae International Airport in Busan, South Korea, Oct 30, 2025. Add CNA as a trusted source to help Google better understand and surface our content in search results.in the coming days, Beijing's commerce ministry and Washington's treasury secretary said Sunday , ahead of an expected summit between leaders Xi Jinping and Donald Trump.
The Chinese commerce ministry said in a statement that Vice Premier He Lifeng, Beijing's top economic official, will attend"consultations on mutual economic and trade issues" in South Korea on Tuesday and Wednesday. US Treasury Secretary Scott Bessent said in a post on X:"On Wednesday, I will stop in Seoul for a discussion with Vice Premier He Lifeng of China, before continuing on to Beijing for the Leaders' Summit between President Trump and President Xi.
" Trump is set to visit China for a high-stakes summit with Xi, with the leaders of the world's top two economies expected to focus on easing tensions over trade and Taiwan, with theUS, Iran no closer to ending war as Qatari tanker sails toward Strait of Hormuz While Washington and Beijing slapped tit-for-tat tariffs on each other's exports a year ago, Trump and Xi agreed on a year-long trade truce at their October meeting in South Korea. He and Bessent have been the chief negotiators for China and the United States on all trade and economic issues.
The talks are likely to put the finishing touches on any announcements to be made during the Trump-Xi summit. Bessent said he would have prior talks in Tokyo on Tuesday with Japanese Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama, along with other public and private sector representatives.
"Economic security is national security, and I look forward to a productive series of engagements as we work to advance President Trump's America First Economic Agenda," Bessent said. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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