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US Secretary of Agriculture Brookellins weighs in on the country’s trade with China and how the government shutdown threatens funding through ‘Kudlow. ‘
The president Donald Trump And Chinese President Xi Jinping is set to kick off high-profile talks amid their ongoing trade dispute and geopolitical tensions.
Trump and XI are expected to meet on the sidelines of the Asia-Pacific Cooperation (APEC) summit in Busan, South Korea, which will be their first meeting in person since the first Trump. The meeting is expected to start in the morning local time on Thursday, or Wednesday night in the US
Trump has been honest about getting a deal with China As the trade dispute escalated with both sides trying to outdo the other side in the first place.
As Trump and XI prepare to hold talks on economic relations between the two leading geopolitical rivals, here is a look at some of the key topics they will discuss.
President Donald Trump and Chinese President Xi Jinping will meet in person for the first time since Trump’s first term in office. (Ju Peng/Xinhua via Getty)
American Soybean Farmers Face Financial Crisis As China Trade Dispute Threatens Livelihoods
Soybeans
China suspended purchases of US Soya earlier this year in retaliation by the Trump Administration Tariff rates for Chinese Exportsand instead vowed to buy Soybeans from South America.
Movement Cut the American farmers From the great history of soybeans in the world and the market where they were the main supplier of soybeans they returned to before the start of Trump. Soybean farmers are at a critical juncture in marketing their crop, and failure to resolve the dispute would have left them scrambling to find other buyers and taking a financial hit.
Before the Trump-XI meeting, Reuters reported that the Chinese state-owned company went ahead with the first purchase of US Soybeans from China in months, but two trade sources said that the exter lacked that US Soybeans followed the purchase of US EMERICA.
China suspended the purchase of US soybeans earlier this year, although it is said to have allowed some purchases to continue before the Trump-XI Summit. (Scott Olson/Getty Images)
Trump, Australia’s PM Sign $8.5B Critical Minerals Deal to Counter China’s Hegemony in the Exotic World
Fentanyl
Trump said Wednesday that he expects to reduce Chinese tariffs if China does reduce the flow of premusir chemicals It is used to make fentanyl, a synthetic opioid that has been the leading cause of US overdose deaths in recent years.
The president imposed tariffs of 20% on China on Fentanyl earlier this year and imposed them on Canada and Mexico, arguing that the chemicals are exported through those countries.
China responds to US-Australia Rare Earths CEAL
Strange worlds
The Chinese government has recently moved to implement stronger export controls on the world’s common minerals, which are used in a variety of high-tech applications, ranging from smartphones and electric car batteries to military radars and cruise missiles.
China is the world’s leading producer of rare earths and has the largest reserves, according to a report by the US Geological Survey (USGS). The USG found that by 2024, China’s mines produced 270,000 tons of rare earths and the country has 44 million tons.
The US and Australia recently announced an agreement to work together to build a new world in response to China’s move. The two governments have agreed to each invest $1 billion in mining and operations over the next six months, as well as cutting mining permits, processing facilities and related operations.
Oil prices flat as Trump slams Russian Energy Giants for sweeping new sanctions
China and India are also considering buying Russian oil after Russian energy companies were found guilty of their role in financing the war in Ukraine. (Hussein Faleh/AFP via Getty Images)
Russian oil and energy
Last week, the Trump administration imposed new sanctions on Russian oil companies over their role in financing Russia’s war in Ukrainewhich has become the biggest world war in Europe since World War II.
Positions – aimed mainly at China and India as Russia’s main energy customers – Give companies until November 1 to cut their transactions with Russian oil producers or face reduced access to the Western banking system.
A great war chief Chinese oil companiesincluding petrochina, sinopec, cnooc and zhenhua oil are moving to buy oil for offshore operations at least temporarily, in response to the sanctions.
Trump Signs Order Allowing Tiktok Deal to Qoisa
Trump accepted the agreement to allow the discovery of TikTok that he wants to complete with China. (Aaronp/Bauer-Griffin/GC Images)
Tiktok
Trump said he could sign a final agreement with XI that allows Tiktok, a short-form video platform owned by the Chinese company Pettance, to separate its operations from the transaction of around $14 billion.
The President signed an executive order late last month to allow the deal to go ahead, even though the US and Chinese governments have yet to finalize an agreement that would allow the transaction.
Last year, Congress passed a law that Banned from Tiktok And some applications, which are under the control of foreign governments that oppose opponents such as the Chinese government, over data security and the use of algorithms ‘algorithms of foreign influence. Allowed to disclose foreign identities to remain available to US users.
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The Act went into effect on January 19, 2025, after surviving the Supreme Court and allowing a 90-day extension, although the President signed several 75-day extensions to conclude the agreement.
Reuters contributed to this report.
