Xi Jinping

N. Korea fires artillery rockets during Hegseth’s visit to JSA

The North Korean news agency (KCNA) shows the test-firing of new-type large-caliber multiple launch rocket system. File Photo by KCNA/EPA

SEOUL, Nov. 4 (Yonhap) — North Korea fired around 10 artillery shells from its multiple rocket launcher system earlier this week, coinciding with a joint visit by the defense chiefs of South Korea and the United States to the Demilitarized Zone (DMZ) separating the two Koreas, the South’s military said Tuesday.

The North launched the rockets toward waters off the northern Yellow Sea at around 4 p.m. Monday, the Joint Chiefs of Staff (JCS) said, adding an analysis of the weapons test is under way.

The launch came less than an hour before U.S. Defense Secretary Pete Hegseth arrived at Camp Bonifas, just south of the Joint Security Area (JSA) within the DMZ, for a joint visit to the tense border with Defense Minister Ahn Gyu-back.

Separately, the military confirmed the North also fired another 10 artillery rocket shells at around 3 p.m. Saturday, when President Lee Jae Myung and Chinese President Xi Jinping held summit talks in the southeastern city of Gyeongju on the occasion of the Asia-Pacific Economic Cooperation (APEC) gathering.

“Our military is closely monitoring North Korea’s various activities under a steadfast South Korea-U.S. combined defense posture and maintains capabilities and a posture capable of overwhelmingly responding to any threat,” the JCS said.

While the North’s launches involving multiple rocket launchers do not violate United Nations Security Council resolutions, its 240mm multiple rocket launcher puts Seoul and its adjacent areas in target range.

In October, North Korea fired multiple short-range ballistic missiles, just about a week before U.S. President Donald Trump was set to visit South Korea on the occasion of the APEC summit.

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Trump says Xi assured him China won’t take action on Taiwan | Donald Trump News

US president claims Chinese leader ‘openly said’ Beijing would not act on Taiwan while Trump is in the White House ‘because they know the consequences’.

United States President Donald Trump has said that his Chinese counterpart Xi Jinping has assured him that Beijing will not attempt to unify Taiwan with mainland China while the Republican leader is in office.

Trump said on Sunday that the long-contentious issue of Taiwan “never even came up as a subject” when he met with Xi in South Korea on Thursday for their first face-to-face meeting in six years. The meeting largely focused on US-China trade tensions.

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“He has openly said, and his people have openly said at meetings, ‘We would never do anything while President Trump is president’, because they know the consequences,” Trump said in an interview with the CBS 60 Minutes programme that aired on Sunday.

Asked in the interview whether he would order US forces into action if China moved militarily on Taiwan, Trump demurred.

The US, under both Republican and Democratic administrations, has maintained a policy of “strategic ambiguity” on Taiwan – trying not to tip its hand on whether the US would come to the island’s aid in such a scenario.

“You’ll find out if it happens, and he understands the answer to that,” said Trump, referring to Xi.

But Trump declined to spell out what he meant in the interview conducted on Friday at his Mar-a-Lago resort in Florida, adding: “I can’t give away my secrets. The other side knows.”

US officials have long been concerned about the possibility of China using military force against Taiwan, the self-governed island democracy Beijing claims as part of its territory.

The 1979 Taiwan Relations Act, which has governed US relations with the island, does not require the US to step in militarily if China invades but makes it US policy to ensure Taiwan has the resources to defend itself and prevent any unilateral change of status by Beijing.

Liu Pengyu, a spokesman for the Chinese Embassy in Washington, DC, did not respond directly to a query from The Associated Press news agency about whether Trump has received any assurances from Xi or Chinese officials about Taiwan. He insisted in a statement that China “will never allow any person or force to separate Taiwan from China in any way”.

“The Taiwan question is China’s internal affair, and it is the core of China’s core interests. How to resolve the Taiwan question is a matter for the Chinese people ourselves, and only the Chinese people can decide it,” the statement added.

The White House also did not provide further details about when Xi or Chinese officials conveyed to Trump that military action on Taiwan was off the table for the duration of the Republican’s presidency.

The 60 Minutes interview was Trump’s first appearance on the show since he settled a lawsuit this summer with CBS News over its interview with then-Vice-President Kamala Harris. Trump alleged that the interview had been deceptively edited to benefit the Democratic Party before the 2024 presidential election. Trump initially sought $10bn in damages, later raising the claim to $20bn.

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China-US relations: ‘Somewhere between a ceasefire and a truce’ | Trade War

China expert Evan Medeiros discusses US-China relations going back before Trump’s ‘Liberation Day’ tariffs and trade wars.

The United States and China have declared a truce in the trade war launched by US President Donald Trump in April, argues Evan Medeiros, former US National Security Council director for China.

Medeiros tells host Steve Clemons that the deal reached between Chinese President Xi Jinping and Trump resolves the urgent trade issues between the two sides – tariff rates, soya beans and rare earth minerals – but China “remains committed to ensuring that Russia doesn’t lose” in Ukraine.

The US has more than 200,000 soldiers surrounding China, Medeiros adds, but Washington knows that “nobody wants to choose between the US and China.”

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N. Korea slams denuclearization of Korean Peninsula as ‘pipe dream’

1 of 2 | South Korean President Lee Jae Myung (R) converses with Chinese President Xi Jinping (L) during the gala dinner of the 2025 Asia-Pacific Economic Cooperation summit at the Lahan Select hotel in the southeastern city of Gyeongju on Oct. 31, 2025. Photo by Yonhap News

SEOUL, Nov. 1 (Yonhap) — North Korea on Saturday denounced the denuclearization of the Korean Peninsula as a “pipe dream” that can never be realized, as Seoul has said President Lee Jae Myung and Chinese President Xi Jinping are set to discuss the issue during their summit talks.

Lee and Xi are scheduled to hold their first summit talks Saturday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city of Gyeongju. The presidential office said denuclearization of the Korean Peninsula is on the agenda.

North Korea’s Vice Foreign Minister Pak Myong-ho criticized South Korea for seeking to raise the denuclearization issue whenever an opportunity arises, according to the Korean Central News Agency (KCNA).

“We will show with patience that no matter how many times it talks about denuclearization, it will remain a pipe dream that can never be realized,” Pak said in a statement carried by the KCNA.

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Are trade relations between the US and China back on track? | International Trade News

Donald Trump and Xi Jinping discuss trade and tariffs in their first meeting since 2019.

China and the United States have agreed to ease their trade war – for now.

There have been concessions from both, with some of the most painful measures put on hold for a year.

So, what tactics did each side use in the battle between the world’s two biggest economies? Will they work? And what’s the longer-term outlook: agreement, or more trouble ahead?

Presenter: Nick Clark

Guests:

Andy Mok – Senior Research Fellow at the Center for China and Globalization think tank in Beijing

Neil Thomas – Fellow on Chinese Politics at the Asia Society Policy Institute’s Center for China Analysis in Washington, DC

William Lee – Chief Economist at the Milken Institute in Los Angeles

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China recognises its ‘leverage over critical minerals is temporary’ | Donald Trump News

As the presidents of China and the US meet in South Korea, Zongyuan Zoe Liu at the Council on Foreign Relations says China may offer concessions on its rare earth minerals.

As the presidents of China and the US meet in South Korea, Zongyuan Zoe Liu at the Council on Foreign Relations says China may offer concessions on its rare earth minerals.

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Trump, Xi make progress on trade war at high-stakes meeting in South Korea

1 of 4 | U.S. President Donald Trump and Chinese President Xi Jinping met in Busan, South Korea, on Thursday for a high-stakes meeting to negotiate their looming trade war. Photo by Yonhap

GYEONGJU, South Korea, Oct. 30 (UPI) — U.S. President Donald Trump departed from South Korea on Thursday after a highly anticipated meeting with Chinese President Xi Jinping that lowered the temperature on a simmering trade war with agreements on rare earth minerals, fentanyl, soybeans and tariffs.

The two leaders met for the first time since 2019 at Gimhae Air Base in the southeastern city of Busan, shortly after Xi arrived in the country for a three-day state visit to attend the Asia-Pacific Economic Cooperation summit.

Speaking to reporters on his way back to Washington aboard Air Force One, Trump described the outlines of a trade deal that he said would be signed “pretty soon.”

According to the president, China agreed to take steps to stop the flow of precursor chemicals used to make fentanyl into the United States. In response, Trump said he halved the 20% fentanyl-linked tariffs he had imposed earlier this year.

“Based on [Xi’s] statements today, I reduced it by 10%. So, it’s 10% instead of 20%, effective immediately,” Trump said.

The reduction brings the overall tariff rate on goods from China from 57% to 47%, he said.

Beijing also agreed to resume purchases of American soybeans and set a one-year pause on its planned export controls of rare earth minerals. China dominates the production and processing of the metallic elements, which are crucial for manufacturing a vast array of high-tech products from smartphones to missiles.

“We have not too many stumbling blocks now,” Trump said. “We have a deal. We’ll negotiate at the end of a year, but all of the rare earth has been settled.”

No official announcement from either side has been released yet, but the U.S. president declared the meeting a “great success.”

“Overall, on the scale of from zero to 10, with 10 being the best, I would say the meeting was a 12,” Trump said.

One topic the two leaders did not discuss was Taiwan, Trump noted. Some analysts had expected Xi to exert leverage in an attempt to soften U.S. support for the self-governing island of 23 million, which China sees as a breakaway province.

“I’m relieved Taiwan apparently didn’t come up in today’s meeting,” Sean King, senior vice president and East Asia expert at New York-based consulting firm Park Strategies, told UPI.

However, King said that the trade deal does not represent significant progress from when Trump kicked off his global tariff scheme in early April, on what the White House dubbed “Liberation Day.”

“We’re seemingly no further along than where we were on Liberation Day,” King said. “Unlike friendly leaders, Xi gave Trump no golden gifts … Right now, for better or worse, it seems like not too much of major trade substance happened in today’s meeting.”

At the start of the meeting, the two leaders had a brief introductory exchange that was open to the media.

“Given our different national conditions, we do not always see eye to eye with each other and it is normal for the two leading economies of the world to have friction now and then,” Xi said.

Xi called on Trump to join him and “ensure the steady sailing forward of the giant ship of China-U.S. relations.”

“I always believe that China’s development goes hand in hand with your vision to make America great again,” Xi said. “Our two countries are fully able to help each other succeed and prosper together.”

After the meeting, Xi traveled to the nearby city of Gyeongju to take part in the APEC Economic Leaders’ Meeting. Trump attended the APEC summit on Wednesday, where he struck a trade deal with South Korean President Lee Jae Myung and delivered a keynote address at a CEO luncheon.

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Trump-Xi meeting: What’s at stake and who has the upper hand? | Trade War News

United States President Donald Trump expects “a lot of problems” will be solved between Washington and Beijing when he meets China’s President Xi Jinping in South Korea for a high-stakes meeting on Thursday, amid growing trade tensions between the two.

Relations between the two world powers have been strained in recent years, with Washington and Beijing imposing tit-for-tat trade tariffs topping 100 percent against each other this year, the US restricting its exports of semiconductors vital for artificial intelligence (AI) development and Beijing restricting exports of critical rare-earth metals which are vital for the defence industry and also the development of AI, among other issues.

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Officials from Washington and Beijing have been locked in trade talks since August to de-escalate trade tensions, and they also came up with a framework for a trade deal during meetings in Malaysia over the weekend.

On the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, on Wednesday, Trump said an expected trade deal between China and the US would be good for both countries and “something very exciting for everybody”.

But only a meeting between Trump and Xi can confirm if a trade deal is really in the making.

Expectations for the agreement are modest, with analysts expecting the two world powers to continue to clash over their myriad differences long-term.

When are the two leaders meeting?

Trump is scheduled to meet Xi on Thursday in the port city of Busan in southeastern South Korea. The meeting is expected to start at 11am local time (01:00 GMT).

It will be the first time the leaders have met in person since Trump returned to the White House in January.

The US president last met Xi in 2019, during Trump’s first term, on the sidelines of the Group of 20 (G20) summit in Osaka, Japan.

“I think we’re going to have a great meeting with President Xi of China, and a lot of problems are going to be solved,” Trump told journalists on Wednesday on Air Force One while en route to South Korea.

On Wednesday, China’s Ministry of Foreign Affairs confirmed the meeting between Xi and Trump in a statement and said the leaders “will exchange views on bilateral relations and issues of mutual interest”.

What will Trump and Xi talk about?

Discussions are likely to cover:

  • Trade tariffs
  • Trafficking of fentanyl, a drug responsible for tens of thousands of deaths in the US each year
  • China’s export controls on critical rare-earth metals and its purchase of US soya beans
  • US export controls on semiconductors
  • Geopolitical and security issues, particularly Russia’s war in Ukraine and Washington’s position on Taiwan
  • Port fees on Chinese ships docking in US ports
  • Finalising a deal to buy TikTok, the social media platform, from its Chinese owners

Alejandro Reyes, adjunct professor at the Department of Politics and Public Administration at the University of Hong Kong, told Al Jazeera that at this meeting, both sides will want to steady an uneasy rivalry – but for different reasons.

“For Washington, the goal is to show that its tough line on China has delivered results. The Trump team is walking into this summit after signing trade pacts with Malaysia, Cambodia and Japan that link market access directly to national security cooperation. These deals require America’s partners to align with US export controls and supply-chain rules – essentially making ‘economic security’ a shared obligation,” he said.

“For Beijing, the priority is to project calm and endurance. The meeting comes just after the fourth plenum, which reaffirmed Chinese leader Xi Jinping’s authority and set the direction for the next five-year plan. China’s message is that it has weathered Western pressure and is back to focusing on growth and domestic stability,” he added.

But discussions on disputes over trade tariffs, critical rare-earth metals, AI technology and geopolitical strategies, the issues that most define the current relationship between the US and China, according to Reyes, are not going to be easy to resolve.

“The mistrust is structural now – it’s built into how both countries think about power and security,” he said.

What are the sticking points?

Fentanyl

A key issue for the Trump administration is stopping the illegal flow of drugs, particularly fentanyl – a powerful synthetic opiate which is 50 times more potent than heroin – from China to the US. In February, Trump slapped a 20 percent trade tariff on all imports from China, citing Beijing’s lack of effort in curbing the flow of the drug into the US.

In a media briefing note sent to Al Jazeera by the German Marshall Fund of the United States, Bonnie Glaser, managing director of GMF’s Indo-Pacific programme, said the fentanyl trade has been “a really contentious issue between the US and China”.

“From what I have heard, a criminal money-laundering cooperation supports the fentanyl trade, and this is where China is willing to cooperate, in a way where it will have minimum negative impact on their domestic situation,” she said at a briefing held in Washington, DC, on Tuesday.

Late on Tuesday, The Wall Street Journal reported that during Thursday’s meeting, “China is expected to commit to more controls on the export of so-called precursor chemicals used to make fentanyl.” The newspaper added that if this agreement is reached, Trump would reduce the tariffs imposed because of fentanyl by as much as 10 percent.

Trade tariffs

Following the fentanyl-related tariffs, in March, China imposed a 15 percent tariff on a range of US farm exports in retaliation, triggering a tit-for-tat tariff war.

In April, Trump raised tariffs on Chinese imports to 145 percent, prompting China to hit back with 125 percent tariffs of its own.

Washington and Beijing later cut tariffs to 30 percent and 10 percent, respectively, in May, and agreed to a 90-day truce in August for trade talks. The truce has been extended twice, but despite repeated talks, a trade agreement has not been reached.

Rare-earth metals and soya beans

China has restricted exports of 12 critical rare-earth metals this year, as well as of the machinery needed to refine these metals, citing security reasons. Beijing also said its restrictions were in response to US restrictions on the Chinese maritime, logistics and shipbuilding industries.

The first seven metals to be restricted were announced in April, while the remaining five were announced on October 10. These metals are crucial for the defence industry and for developing AI technology.

In October, Trump responded by threatening to impose 100 percent tariffs on China from November 1, citing Beijing’s strict export controls on critical rare earths as the reason for the tariffs.

Trump added that the US would also impose export controls on “any and all critical software”.

Reyes noted that while the US wants guaranteed access to rare earths and battery materials, it signed a new agreement with Japan and trade clauses with Malaysia this week, which aim to reduce the US dependence on China for these. “Beijing sees this as an effort to contain its influence,” he said.

Meanwhile, US Secretary of the Treasury Scott Bessent told many US media outlets this week that he expected China to defer its restrictions on rare earths and that Trump’s 100 percent tariff threat was “effectively off the table”.

Bessent added that the Chinese side would agree to increase purchases of US-grown soya beans.

Dylan Loh, associate professor in public policy and global affairs at Nanyang Technological University, said he anticipates some positive movement on solving these trade disputes but does not believe the fundamental economic tension between the US and China will be resolved at the meeting.

“The competition and mistrust go beyond simply economics,” he told Al Jazeera. “But the problems can be managed and must be managed well. It requires political capital and the ability to move beyond zero-sum thinking.”

Technology and TikTok

In September, Trump signed an executive order to transfer TikTok’s US assets to US investors, citing national security reasons. On Sunday, Bessent told US broadcaster CBS that the US and China had “reached a final deal on TikTok”, which will be finalised at the Trump-Xi meeting.

But, Reyes said, “the deal cools one dispute but doesn’t end the fight over chips, AI and digital control”.

In October, Washington blacklisted hundreds of Chinese tech firms, claiming they posed a risk to national security. The US has also restricted companies such as Nvidia from exporting advanced chips, important to manufacture key equipment used for the development of AI, to China, claiming that Beijing would use it to advance its global power.

Beijing has been irked by Washington’s restrictions and has launched antitrust investigations into Nvidia and Qualcomm, and has also increased its export controls on rare-earth elements.

Speaking to reporters on board Air Force One en route to South Korea on Wednesday, Trump said he might speak to Xi about Nvidia chips.

“I think we may be talking about that with President Xi,” Trump said.

Geopolitical Issues

According to analysts, Trump is eager to use this meeting with Xi to discuss ways to end Russia’s war in Ukraine.

Beijing, a close ally of Moscow, has said a prolonged war in Ukraine “serves no one’s interest”. But, in July, according to a report by The South China Morning Post, Chinese Foreign Minister Wang Yi told the European Union that it can’t afford to have Russia lose the war in Ukraine since the US would then turn its attention to China.

Trump has threatened to slap sanctions and tariffs on countries that buy Moscow’s crude oil in efforts to end the war. It has already imposed an additional 25 percent tariff – bringing the total to 50 percent – on India as a punishment for purchasing Russian oil.

But the US has not yet taken this step with China, which imports about 1.4 million barrels of Russian oil per day by sea.

According to a Reuters report, however, after the US sanctioned two of Moscow’s largest oil companies, Rosneft and Lukoil, in October, Chinese national oil companies like PetroChina and Sinopec have said they will refrain from importing seaborne Russian oil for the short term.

“Trump wants a ceasefire and a peace deal in Ukraine. Putin has been unwilling to play ball, and Trump, I think, intends to raise this with Xi Jinping, possibly ask him if he can reach out to Putin and encourage him to come to the negotiating table,” Glaser said.

“We know so far, Xi Jinping has been very, very cautious about getting involved. I think he will be reluctant to pressure Putin to do,” she added.

Besides Ukraine, Beijing will be eager to discuss the US position on Taiwan, according to Glaser.

“Xi Jinping will raise concerns about what Beijing views as the pro-independence policies of Taiwan’s President Lai Ching-te, and I think he will want clarification of the US stance and may well press Trump to say that the US opposes Taiwan independence and supports China’s unification,” she said.

“The bottom line is that Trump is not likely to abandon Taiwan because doing so could lead to a PRC [People’s Republic of China] decision to use force, and Trump wants to take credit for ending wars, not starting them,” Glaser added.

Trump, however, told journalists on board Air Force One on Wednesday that he was “not sure” he would discuss Taiwan.

How strong are their negotiating positions?

The balance of power in the respective negotiating positions of China and the US has shifted in the recent past.

Former US President Joe Biden restricted exports of US semiconductors, which are crucial for the development of AI, much to China’s annoyance. Then, early this year, Trump compounded this with 145 percent tariffs on Chinese goods.

China retaliated with 125 percent tariffs on US goods, escalating a trade war, until the two sides agreed in May to pause tariffs to allow for trade talks.

But that was not before China placed export restrictions on seven rare-earth metals in April. In October, China restricted exports of five more rare-earth metals, and Trump threatened 100 percent tariffs again in retaliation.

This week, seeking to diversify trade and its supply chains, China strengthened a trade deal with the Association of Southeast Asian Nations (ASEAN). But the US also drew up new trade agreements with Japan, Malaysia and Cambodia. On Wednesday, South Korea announced that it too had reached a trade agreement with the US, and was lowering tariffs on imported US goods.

According to Loh, it is unclear who has the upper hand right now between the US and China.

“While the signing of the FTA [with ASEAN] has certainly enhanced China’s position and influence and is indeed quite significant for ASEAN and China, it does not necessarily have a direct bearing on US-China itself,” Loh said.

“US retains considerable political and economic influence in this part of the world still, as evinced by Trump’s trip here,” he added.

According to Reyes, each side has different kinds of leverage.

“The United States has built a new network of allies who have literally signed on to Washington’s playbook,” he said, referring to the deal Washington signed with Malaysia, which obliges Kuala Lumpur to match US trade restrictions. Malaysia has clarified that this deal would only apply to matters of shared concern.

But Reyes said such a deal “gives Trump’s team political and legal momentum going into the China meeting”.

“China, though, has the economic stamina. It still anchors global manufacturing, dominates critical-mineral processing, and has proven that tariffs couldn’t break its model. China used the trade war to build muscles, resistance and resilience – it learned to do everything faster, cheaper and at scale,” he said.

“So the US has the ‘louder’ hand; China has the steadier one. Washington can escalate, but Beijing can outlast,” Reyes added.

So what is likely to come out of these talks?

The stakes are high with Trump announcing that he anticipates a “great” meeting. But expectations of any “great” outcome are low.

Reyes said he expects a truce in their strained ties with photo opportunities rather than any grand bargain.

“Expect both sides to announce small wins: a delay on tariffs, a joint statement on trade stability, maybe a working group on critical minerals cooperation,” he said.

“This summit won’t end the rivalry – it simply marks a new phase: the US building alliances through treaties, and China doing much the same, while consolidating power through endurance building. This meeting isn’t about ending the rivalry – it’s about learning to live with it,” he said.

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Nvidia shares jump on Blackwell chip talk ahead of Trump-Xi meeting

Published on 29/10/2025 – 11:09 GMT+1
Updated
11:11

Nvidia shares continued their dramatic rise this week as investors banked on an easing of semiconductor trade restrictions between the US and China.

Ahead of a meeting with Chinese President Xi Jinping on Thursday, US President Donald Trump said he planned to discuss Nvidia’s advanced Blackwell artificial intelligence chip with Xi.

“We’ll be speaking about Blackwell, it’s the super duper chip,” he told reporters on Wednesday.

The president didn’t elaborate on specific policy aims, although he said he was “very optimistic” about the meeting with his Chinese counterpart.

By around 11:00 CET, Nvidia shares had jumped over 3% in pre-market trading, bringing the firm closer to a $5 trillion market capitalisation.

Semiconductors have been a key point of contention between the US and China as both nations seek to lead on advanced technologies such as AI.

The tiny chips, used to power a range of electronic devices from smartphones to medical equipment, are essential to this ambition. Since 2022, the US has therefore restricted Nvidia’s sales of advanced chips to China for national security reasons.

Trump has flip-flopped on export controls since his arrival in the White House, first restricting and then approving sales of Nvidia’s H20 AI chip to China. Nvidia designed the H20 specifically for the Chinese market to comply with Biden-era export curbs, although the Trump administration previously said it was concerned the tech could be used for military purposes.

With regard to the Blackwell processor, Trump suggested months ago that he would consider allowing Nvidia to export a downgraded version of the chip to China.

Progress on such a proposal would come as a relief to Nvidia CEO Jensen Huang, who has long criticised US restrictions. Huang has notably argued that such curbs are boosting China’s AI capabilities as the Chinese market is forced to become less reliant on US products.

It seems that such logic is already understood in Beijing, even as the US softens its stance. After Washington gave the green light to H20 exports, China’s regulator banned the country’s biggest tech companies from buying Nvidia’s artificial intelligence chips.

“The president has licensed us to ship to China, but China has blocked us from being able to ship to China,” Huang said at a Nvidia event this week in Washington. “They’ve made it very clear that they don’t want Nvidia to be there right now.”

In a document released by Beijing on Tuesday, the Communist party reiterated the importance of self-sufficiency, calling for “extraordinary measures” to achieve “decisive breakthroughs” in technologies such as semiconductors.

“The most important factor in promoting high-quality development is to accelerate high-level scientific and technological self-reliance,” Xi said in a speech released by state news agency Xinhua.

While it’s possible that Chinese restrictions on Nvidia chips could be a long-lasting policy, experts have suggested that the move may be a bargaining chip in trade negotiations with Washington.

Such policy U-turns are creating uncertainty for investors despite the fact that Nvidia shares have risen roughly 50% this year, driven higher by AI ambitions.

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Trump arrives in South Korea, says Kim Jong Un meeting won’t happen

1 of 6 | U.S. President Donald Trump, seen on a screen at the APEC media press center in Gyeongju, arrived in South Korea on Wednesday. He said that a meeting with North Korean leader Kim Jong Un would not take place due to timing issues. Photo by Thomas Maresca/UPI

GYEONGJU, South Korea, Oct. 29 (UPI) — U.S. President Donald Trump arrived in South Korea Wednesday, where he said he wasn’t able to “work out timing” for a meeting with North Korean leader Kim Jong Un.

Trump made the remark during a bilateral meeting with South Korean President Lee Jae Myung in the city of Gyeongju, where the Asia-Pacific Economic Cooperation summit is being held, after earlier saying he “would love” to meet Kim during his trip.

“I know Kim Jong Un very well. We get along very well,” Trump said. “We really weren’t able to work out timing.”

Trump met Kim three times during his first term — in Singapore in 2018, in Hanoi in 2019 and briefly at the Demilitarized Zone later that year. Speculation had swirled that the two could meet again this week in the DMZ truce village of Panmunjom to restart talks over the North’s nuclear weapons program.

“I know you are officially at war, but we will see what we can do to get that all straightened out,” Trump said to Lee Wednesday. The 1950-53 Korean War ended in a ceasefire but not a peace treaty.

“We’ll have other visits, and we’ll work very hard with Kim Jong Un and with everybody on getting things straightened out because that makes sense,” Trump added.

Lee expressed regret over the missed opportunity and said that he hoped Trump would have a chance to play the role of “peacemaker” on the Korean Peninsula.

“As I mentioned many times, you have wonderful capabilities and skills as a peacemaker,” Lee told Trump. “Chairman Kim has not really accepted your good intention and your gesture, so this time it did not happen. But I believe that we’ve been planting good seeds for a better future.”

Earlier on Wednesday, North Korean state media reported that the country had test-fired sea-to-surface strategic cruise missiles in the Yellow Sea, its latest provocation before Trump’s visit. A week earlier, Pyongyang claimed that it had successfully tested a “new cutting-edge weapons system” involving hypersonic missiles,

At a welcoming ceremony at Gyeongju National Museum, Lee presented Trump with the Grand Order of Mugunghwa, South Korea’s highest decoration to honor his “achievements in paving the way toward peace on the Korean Peninsula.”

Trump is the first U.S. president to receive the honor.

Lee also gave his counterpart a replica of a golden crown from the Silla Dynasty, which ruled from 57 BC to 935 AD.

The crown “symbolizes the long-standing peace of the Silla period, as well as a new era of peaceful coexistence on the Korean Peninsula and shared growth that Korea and the U.S. will build together,” the South’s presidential office said in a statement.

After the ceremony, bilateral discussions were expected to include trade, investment, economic and security cooperation and alliance modernization, the office said.

Trump’s nearly weeklong trip through Asia has focused on making trade deals and bolstering economic ties with countries in the region. He signed a trade agreement with new Japanese Prime Minister Sanae Takaichi on Tuesday and inked deals with Cambodia, Malaysia, Thailand and Vietnam at the Association of Southeast Asian Nations summit in Kuala Lumpur over the weekend.

The most anticipated engagement of Trump’s visit will be on Thursday, when he is scheduled to meet with Chinese President Xi Jinping in the port city of Busan before heading back to Washington.

The meeting, their first since 2019, comes as the two superpowers are locked in a trade war. Chinese and U.S. economic officials agreed on a framework for a trade agreement on Sunday on the sidelines of the ASEAN summit in Kuala Lumpur, U.S. Treasury Secretary Scott Bessent said on NBC’s Meet the Press.

In keynote remarks on Wednesday at an APEC CEOs luncheon, Trump said he expected a deal to be finalized during his meeting with Xi.

“We’re going to be, I hope, making a deal. I think we’re going to have a deal. I think it will be a good deal for both,” Trump said. “The world is watching, and I think we’ll have something that’s very exciting for everybody.”

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Why is China restricting rare earth exports and how will the EU respond?

Global tensions are escalating over rare earth minerals after China applied severe export controls on critical minerals required to manufacture almost everything – from cars to weapons. The move has also sparked concerns about the global supply chain.

Strategic meetings will be held between European Union officials and Chinese representatives, starting with a videoconference Monday, to be followed by a meeting in Brussels the following day.

Meanwhile, US President Donald Trump will meet his Chinese counterpart Xi Jinping on Thursday in South Korea, with financial markets attentive to whether the world’s two largest economic powers can bury the hatchet in their trade war.

At the heart of the dispute is China’s 9 October decision to restrict exports of rare earth elements. While these controls were initially a response to US tariffs, the EU has become collateral damage in the dispute and is considering ways to respond.

Why is China restricting rare earth exports?

Tensions first emerged between the US and China after Donald Trump returned to the White House and carried through an aggressive tariff policy – which the administration argues is needed to narrow a growing trade deficit – on allies and rivals alike.

On 2 April 2025 — coinciding with what Trump defined as US’ “Liberation Day” — Washington announced a 34% tariff on Chinese goods imported into the country, which, added to the existing 20%, brought total duties to 54%.

The trade war escalated after China responded with counter-tariffs, which surpassed the 100% threshold, making trade between the two practically impossible. Beyond the tariffs, to hit back, China looked to weaponise its monopoly over rare earth elements, imposing additional export restrictions on 4 April that have since remained in place.

Rare earths are a group of 17 elements used across the defence, electric vehicle, energy and electronics industries.

The world, including the EU, is heavily dependent on China, as the country controls 60% of global production and 90% of their refining, according to the International Energy Agency (IEA).

After a short truce, the dispute flared up again in September, and on 9 October 2025, China decided to extend its control over rare earth elements from seven to 12. The announcement was seen as China building leverage over the United States. The meeting between the two sides this week is crucial in dictating the path forward.

Meanwhile, the EU is caught between the two. While these restrictions aimed mostly at the US, it has also impacted the European industry. The controls take the form of licenses that are difficult to obtain, with European companies bearing the brunt, as European Commisisioner for Trade Maroš Šefčovič has repeatedly pointed out.

How is the EU responding?

In a speech over the weekend, European Commission President Ursula von der Leyen, said the Union is prepared to use all the tools at its disposal to combat what some European leaders, including French President Emmanuel Macron, have described as economic coercion from China.

The remarks from the Commission president alluded to what is known as the anti-coercion instrument – designed with China in mind but never used.

The ACI, adopted in 2023, would allow the EU hit back at a third country by imposing tariffs or even restricting access to public procurement, licenses, or intellectual property rights.

“In the short term, we are focusing on finding solutions with our Chinese counterparts,” Commission president Ursula von der Leyen said on Saturday, warning, however, “But we are ready to use all of the instruments in our toolbox to respond if needed.”

European Council President António Costa met on Monday with Chinese Premier Li Qiang on the sidelines of the ASEAN Summit in Kuala Lumpur.

“I shared my strong concern about China’s expanding export controls on critical raw materials and related goods and technologies,” Costa said after the meeting, adding: “I urged him to restore as soon as possible fluid, reliable and predictable supply chains.”

Yet, tensions persist.

A planned meeting between Šefčovič and his Chinese counterpart Wang Wentao was cancelled and replaced by high-level talks between Chinese and European experts, a Commission spokesperson has confirmed. A video conference took place on Monday, and Chinese officials are set to arrive in Brussels for a meeting on Thursday.

While Brussels insists it wants to achieve a constructive solution without escalating, the Commission is pursuing a “de-risking” strategy to reduce its dependence on Chinese minerals. In addition, Germany and France have also suggested they would support stronger trade measures if a comprehensive solution cannot be found.

On Saturday, Von der Leyen announced a new plan – RESourceEU – exploring joint purchasing and stockpiling of rare earth, as well as “strategic” projects for the production and processing of critical raw materials here in Europe.

The EU also hopes to diversify its suppliers worldwide.

“We will speed up work on critical raw materials partnerships with countries like Ukraine and Australia, Canada, Kazakhstan, Uzbekistan, Chile or Greenland,” von der Leyen said.

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Trump meets with Japanese Emperor, plans to meet with new PM Tuesday

President Donald Trump shakes hands with U.S. Ambassador to Japan George Glass upon arrival at Haneda International Airport in Tokyo, Monday. The president is on a three-day visit that includes meetings with Japan’s newly elected Prime Minister Sanae Takaichi and Emperor Naruhito. Pool Photo by David Mareuil/EPA

Oct. 27 (UPI) — President Donald Trump landed in Tokyo Monday morning as part of a three-nation Asia trip, meeting with Emperor Naruhito and new Prime Minister Sanae Takaishi

Trump and Naruhito met Monday morning at the emperor’s home, then retired to his hotel room. He has no more public events scheduled for the day.

The visit was Trump’s first trip to Japan since 2019. His goal for the trip is to reaffirm ties with Japan and encourage Japanese companies to invest in the United States.

He is scheduled to meet on Tuesday with Takaishi, who became Japan’s first woman prime minister just last week. Trump and Takaishi spoke on the phone Saturday. Trump praised Takaishi to reporters for being “philosophically close” to former Prime Minister Shinzo Abe.

“It’s going to be very good. That really helps Japan. I think she’s going to be great,” Trump told reporters on Air Force One, Kyodo News reported.

Trump’s next stop is Busan, South Korea, where he’ll meet with President Xi Jinping. On Air Force One, Treasury Secretary Scott Bessent said that Trump and Xi would work on the U.S.-China trade deal on Thursday. Other things they will discuss are fentanyl, rare earth minerals and agricultural purchases, Bessent said.

Trump also told reporters that he would be willing to meet with North Korea‘s Kim Jong-un this week. A reporter asked if a meeting were possible, would he extend his Asia trip, and Trump said he hadn’t thought of it, but it would “be easy to do.”

On Sunday in Kuala Lumpur, Malaysia, Trump oversaw the signing of a peace agreement between Cambodia and Thailand.

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Trump says he ‘would love’ to meet Kim Jong Un during South Korea trip

SEOUL, Oct. 27 (UPI) — U.S. President Donald Trump said Monday he “would love” to meet North Korean leader Kim Jong Un while traveling in Asia this week, adding that he would be willing to extend his trip in South Korea if Kim agrees to talks.

Speaking to reporters aboard Air Force One en route from Malaysia to Japan, Trump said he had not been in direct contact with Kim but remained open to another meeting.

“I haven’t said anything, but I’d love to meet with him if he’d like to meet,” Trump told reporters. “I got along great with Kim Jong Un. I liked him. He liked me. If he wants to meet, I’ll be in South Korea.”

Trump is scheduled to travel from Japan to South Korea on Wednesday, where he will meet South Korean President Lee Jae Myung and Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit. The meeting with Xi is expected Thursday before Trump’s return to Washington.

When asked whether he would prolong his itinerary to allow time for a potential encounter with Kim, Trump left the possibility open.

“Well, I hadn’t thought of it, but I think the answer would be yeah, I would do that,” he said. “[South Korea]’s our last stop, so it would be pretty easy to do.”

Pressed on what Washington could offer Pyongyang in negotiations, Trump pointed to sanctions as the main bargaining chip. Since 2006, the U.N. Security Council, along with the United States and other nations, has sanctioned North Korea for its nuclear weapons development.

“We have sanctions — that’s pretty big to start off with,” Trump said. “I would say that’s about as big as you get.”

Last month, Kim signaled a willingness to resume diplomacy with Washington but warned that any discussion of giving up his regime’s nuclear arsenal would be off the table.

“If the United States abandons its vain obsession with denuclearization, acknowledges reality and desires genuine peaceful coexistence with us, there is no reason why we should not sit down with the United States,” Kim said in a speech before North Korea’s parliament.

“I personally still have fond memories of President Trump,” he added.

Trump met Kim three times during his first term — in Singapore in 2018, in Hanoi in 2019 and briefly at the Demilitarized Zone later that year. Their talks collapsed amid disagreements on sanctions relief and steps toward denuclearization.

While speculation about a meeting continues to swirl, a senior South Korean official said Monday that any encounter between Trump and Kim this week is “very unlikely.”

“There are talks the two could meet, but I believe that possibility is very unlikely,” Third Deputy National Security Adviser Oh Hyun-joo told foreign media in Seoul.

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U.S. and China could ‘consummate’ TikTok deal Thursday

President Donald Trump and Chinese President Xi Jinping could “consummate” a deal forcing a divestiture by the platform’s Chinese parent company on Thursday. File Photo by Alex Plavevski/EPA-EFE

Oct. 26 (UPI) — President Donald Trump and Chinese President Xi Jinping could “consummate” the TikTok deal announced last month this week, Treasury Secretary Scott Bessent said.

“We reached a final deal on TikTok. We reached one in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday in Korea,” Bessent said in an interview Sunday morning on “Face the Nation.”

Trump had signed an executive order in late September to complete a deal estimated at $14 billion that would create a U.S. entity to control TikTok, with American investors owning 80% of the company and its parent company ByteDance maintaining less than 20%.

It would satisfy an April 2024 law passed by Congress in the Biden administration requiring ByteDance to divest from the company or the platform would be banned for some 170 million U.S. users.

The president said at the time that the deal was approved by Xi in a phone conversation.

Bessent did not provide new details of the deal in the interview Sunday.

“My remit was to get the Chinese to agree to approve the transaction, and I believe we successfully accomplished that over the past two days,” Bessent said.

The White House said at the time the executive order was signed that the federal government would not play a role in selecting members for TikTok’s board. And when asked if the platform would begin to favor “MAGA” content, Trump responded it will be fair.

“If I could make it 100% MAGA I would but it’s not going to work out that way unfortunately,” Trump said. “Everyone is going to be treated fairly. Every group, every philosophy will be treated fairly.”

A number of academic studies have shown that TikTok already “tends to lean toward right-wing content, with right-wing praise being a significant predictor of user engagement.”

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Trump oversees Thai-Cambodian peace declaration in eventful Asia trip

Oct. 26 (UPI) — President Donald Trump landed in Malaysia on Sunday and presided over the signing of a peace declaration between Thailand and Cambodia amid a flurry of news related to trade deals with Asian nations and ahead of a meeting with Chinese President Xi Jinping.

The text of the joint declaration, which seeks to end recent conflict between Thailand and Cambodia over a long-running border dispute, was released by the White House and said its signing was witnessed by Trump.

“We committed to de-escalating tensions and restoring confidence and mutually beneficial relations between the Kingdom of Cambodia and the Kingdom of Thailand,” the declaration reads.

Thailand and Cambodia said they agreed to remove heavy weapons systems and de-mine along the border, as well as release prisoners of war and refrain from disseminating “harmful rhetoric” to “foster an environment conducive to peaceful dialogue.”

Additionally, the White House announced that it had separately reached nonbinding understandings with Cambodia, Thailand and Malaysia to cooperate and expand U.S. access to rare earth minerals.

It also announced a framework for new reciprocal trade deals with each of the countries.

Thailand, for example, has agreed to eliminate tariffs on 99% of goods from the United States while the United States said it would maintain 19% tariffs imposed on the Asian country while granting tariff-free access for certain products.

The agreements included a pledge by Malaysia to invest $70 billion in the United States over the next decade while Thailand promised to buy 80 U.S. aircraft for $18.8 billion and Air Cambodia committed to working with Boeing to boost the development of its aviation industry.

The White House later announced that it had reached framework for a similar trade agreement with Vietnam, which would “provide preferential market access” for U.S. industrial and agricultural exports. The United States will maintain 20% tariffs on Vietnamese imports.

Meanwhile, Treasury Secretary Scott Bessent has been meeting with Chinese Vice Premier He Lifeng in Kuala Lumpur ahead of the Trump-Xi meeting in South Korea.

“I think we reached a substantial framework for the two leaders who will meet in Korea next Thursday,” Bessent said on ABC News’ “This Week” on Sunday.

“The president had given me maximum leverage when he threatened 100 percent tariffs if the Chinese impose their rare earth global export controls. So, I think we have averted that. So, the tariffs will be averted,” he said.

Trump also met with Brazilian President Luiz Inácio Lula da Silva on the sidelines of the ASEAN summit Sunday, stating afterward that he believed they would eventually reach a trade deal.

The news came after Trump imposed a 50% tariff on Brazil in August after former President Jair Bolsonaro, a Trump ally, was sentenced to prison for plotting a coup.

“I think we’ll make a deal with Brazil. We get along very well,” Trump said, as reported by CNN. “We have a lot of respect for your president, as you know, a lot of respect for Brazil. So we’ll see. We’ll probably work out some deals.”

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U.S., China reach tentative trade deal at Asia summit

Top trade negotiators for the U.S. and China said they came to terms on a range of contentious points, setting the table for Presidents Trump and Xi Jinping to finalize a deal and ease trade tensions that have rattled global markets.

After two days of talks in Malaysia wrapped up Sunday, a Chinese official said the two sides reached a preliminary consensus on topics including export controls, fentanyl and shipping levies.

U.S. Treasury Secretary Scott Bessent, speaking later in an interview with CBS News, said Trump’s threat of 100% tariffs on Chinese goods “is effectively off the table” and he expected Beijing to make “substantial” soybean purchases as well as offer a deferral on sweeping rare-earth controls. The U.S. wouldn’t change its export controls directed at China, he added.

“So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime,” Bessent said. He separately told ABC News he believed China would delay its rare-earth restrictions “for a year while they reexamine it.”

Bessent telegraphed a wide-ranging agreement between Trump and Xi that would extend a tariff truce, resolve differences over the sale of TikTok and keep up the flow of rare-earth magnets necessary for the production of advanced products from semiconductors to jet engines. The two leaders are also planning to discuss a global peace plan, he said, after Trump said publicly he hoped to enlist Xi’s help in ending Russia’s war in Ukraine.

The encouraging signals from both sides of the negotiations were a marked contrast from recent weeks, when Beijing’s announcement of new export restrictions and Trump’s reciprocal threat of staggering new tariffs threatened to plunge the world’s two largest economies back into an all-out trade war.

Staving off China’s rare-earth restrictions is “one of the major objectives of these talks, and I think we’re progressing toward that goal very well,” U.S .Trade Representative Jamieson Greer said on “Fox News Sunday.”

Trump predicted a “good deal with China” as he spoke with reporters on the sidelines of the Assn. of Southeast Asian Nations summit in Kuala Lumpur, the Malaysian capital, saying he expected high-level follow-up meetings in China and the U.S.

“They want to make a deal, and we want to make a deal,” Trump said.

Still, markets will be closely watching the details of the ultimate agreement, after nearly a year of head-spinning changes to trade and tariff policies between Washington and Beijing.

Chinese trade envoy Li Chenggang said he believes that the sides had reached consensus on fentanyl — suggesting the U.S. might lift or reduce a 20% tariff it had imposed to pressure Beijing to halt the flow of precursor chemicals used to make the deadly drug. He said the nations would also address actions the Trump administration took to impose port service fees on Chinese vessels, which prompted Beijing to put retaliatory levies on U.S.-owned, -operated, -built or -flagged vessels.

Li, whom Bessent called “unhinged” just days ago, described the talks as intense and the U.S. position as tough, but hailed the signs of progress. Both sides will now brief their leaders ahead of a planned summit between Trump and Xi on Thursday.

“The current turbulences and twists and turns are ones that we do not wish to see,” Li told reporters, adding that a stable China-U.S. trade and economic relationship is good for both countries and the rest of the world.

The reopening of soybean purchases, if realized, could provide a significant political win for Trump.

China imposed retaliatory tariffs on U.S. farm goods in March, effectively slamming the door shut on American soybeans before the harvest even began. The Asian nation last year purchased $13 billion in U.S. beans — more than 20% of the entire crop — for animal feed and cooking oil, and the freeze has rocked rural farmers who represent a key political base for the president.

Perhaps more important is resolving the the U.S.’ rare-earths tussle with China, which fought back against Trump’s trade offensive earlier this year by cutting off supplies of the materials. Although flows were restored in a truce that saw tariffs lowered from levels exceeding 100%, China this month broadened export curbs on the materials after the U.S. expanded restrictions on Chinese companies.

The negotiations took place at the skyscraper Merdeka 118 as Trump met with Southeast Asian leaders at a nearby convention center, where he discussed a series of other framework trade agreements, seeking to diversify U.S. trade away from China.

The Chinese delegation was led by He, China’s top economic official, and included Vice Finance Minister Liao Min. Greer, the U.S. trade representative, was also part of the talks.

Trump’s meeting with Xi this week will be their first face-to-face sit-down since his return to the White House. The U.S. leader has said direct talks are the best way to resolve issues including tariffs, export curbs, agricultural purchases, fentanyl trafficking and geopolitical tinderboxes such as Taiwan and the war in Ukraine.

“We’ll be talking about a lot of things,” he said. “I think we have a really good chance of making a very comprehensive deal.”

Flatly and Xiao write for Bloomberg. Bloomberg writers Sam Kim and Tony Czuczka contributed to this report.

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Trump said Qatar is readying peacekeepers for Gaza

Oct. 25 (UPI) — Qatari officials are preparing peacekeeping troops for Gaza if needed to help maintain a cease-fire between Hamas and Israel, President Donald Trump said during a refueling stop.

Air Force One stopped in Qatar on Saturday evening to refuel while the president is flying to Kuala Lumpur, Malaysia, amid a Southeast Asia trip that includes a planned meeting with Chinese President Xi Jinping in Busan, South Korea.

Qatari Emir Tamim bin Hamad Al Thani and Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani joined Trump on Air Force One for a short meeting.

Trump announced Qatar likely will be among the nations providing troops to maintain peace in Gaza while seated between the Emir and the prime minister, The Jerusalem Post reported.

Emir Al Thani told Trump he wanted to visit him at the refueling stop when he learned of the brief refueling stop by Air Force One.

“The Emir is one of the great rulers of the world,” the president responded, adding that the “prime minister has been my friend.”

He said they were instrumental in accomplishing the “incredible” feat of bringing about “peace in the Middle East.”

Also traveling to Southeast Asia on a separate flight is Secretary of State Marco Rubio, who made a stop in Qatar.

While there, he and other U.S. officials on Sunday will discuss a potential United Nations resolution or an international agreement to authorize the use of a multinational peacekeeping force in Gaza, according to The Times of Israel.

“Many of the countries that have expressed an interest in participating at some level, whether it be monetary or personnel or both, are going to need that because their domestic laws require it,” Rubio said of a resolution or an international agreement.

He said a team is working to outline a possible resolution or agreement.

Rubio also spoke by phone with Israeli Prime Minister Benjamin Netanyahu on Friday to discuss continuing efforts to end all conflict in Gaza, State Department principal deputy spokesman Tommy Piggot said in a news release.

“During the call, Sec. Rubio and Prime Minister Netanyahu affirmed the strategic relationship between the U.S. and Israel,” Piggot added.

Rubio is also bound for Busan, South Korea, where the Asia-Pacific Economic Cooperation summit is scheduled from Monday through Nov.1.



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Trump administration investigating China’s compliance with 2020 trade deal | Trade War News

The probe comes as the US government seeks additional leverage against Beijing amid escalating trade tensions.

The United States has launched an investigation into whether China is out of compliance with a 2020 trade deal they struck together, as trade tensions ratchet up between the world’s two largest economies.

US Trade Representative Jamieson Greer announced the investigation on Friday, as President Donald Trump travels to Asia to meet with his Chinese counterpart, Xi Jinping. China denies that it has failed to abide by the deal.

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“China has scrupulously fulfilled its obligations in the Phase One Economic and Trade Agreement,” a spokesperson for the Chinese embassy in Washington said in a social media post.

The probe into unfair trade practices could grant President Trump greater authority to impose more tariffs on China, which he has hit with massive trade duties during his second term in office.

“The administration seems to be looking for new sources of leverage to use against Beijing, while adding another pressure point to get China to buy more US soybeans as well as other goods,” Wendy Cutler, a former US trade negotiator who is now vice president at the Asia Society Policy Institute, told The Associated Press news agency.

The “Phase One” deal came at the end of Trump’s first term in office in 2020, when the US imposed a series of tariffs on China in the name of bringing greater “balance” to their commercial exchange.

In that agreement, Beijing agreed to buy more US agricultural and manufacturing goods.

A Federal Register notice (PDF) from the Office of the US Trade Representative alleges that China has not followed up on that promise or others related to intellectual property protections, forced technology transfers or financial services.

September, for instance, marked the first month since 2018 that China imported no soya beans from US farmers.

“The initiation of this investigation underscores the Trump Administration’s resolve to hold China to its Phase One Agreement commitments, protect American farmers, ranchers, workers, and innovators, and establish a more reciprocal trade relationship with China for the benefit of the American people,” Greer said in a statement.

A new round of US-China trade talks is set to take place on Saturday, and discussions will focus on China’s restrictions on the export of rare earth metals, essential for many US tech products.

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Trump, Xi to meet during the Asia-Pacific Economic Cooperation Summit

Oct. 23 (UPI) — U.S. President Donald Trump and Chinese President Xi Jinping are to meet and discuss trade and other matters during the Asia-Pacific Economic Cooperation Summit in Busan, South Korea.

Trump is scheduled to leave the United States on Friday, with stops planned in Malaysia and Japan ahead of the APEC conference that has a leaders meeting scheduled for Oct. 31 and Nov.1.

He and Xi agreed to meet on Oct. 30, White House press secretary Karoline Leavitt announced on Thursday.

The planned meeting comes after Trump announced he would impose 100% tariffs on top of existing tariffs on all Chinese-made goods in retaliation for China’s earlier announcement of global restrictions on the use of rare earth minerals.

China dominates the world’s rare earth minerals market and intends to restrict their export and require companies to sign licensing agreements to use them, no matter where those firms might be headquartered.

“We’ll make a deal on everything,” Trump told media while at the Oval Office on Wednesday.

The in-person meeting would be the first between the two since 2019 and could include discussions regarding the war in Ukraine.

Trump said Xi would “like to see that war end,” Politico reported.

The president also anticipates discussing a variety of issues with the Chinese leader, including nuclear power, China’s reliance on Russian oil and trade.

The bilateral summit will be a “pretty long meeting” to enable the two world leaders to “work out a lot of our questions and our doubts,” Trump said, as reported by the South China Morning Post.

Trump will depart the United States late Friday night and arrive in Malaysia on Sunday morning, local time.

“President Trump will participate in a bilateral meeting with the prime minister of Malaysia in the afternoon, and then we will attend the [Association of Southeast Asian Nations] leaders’ working dinner that evening,” Leavitt said.

The president will depart Malaysia on Monday morning and arrive in Tokyo to meet with new Japanese Prime Minister Sanae Takaichi, who is the first woman to be elected to the position.

Following his meeting with Takaichi, Trump will continue to Busan, South Korea, to hold a bilateral meeting with South Korean President Lee Jae Myung ahead of his meeting with Xi.

The president will return to the United States after meeting with the Chinese president, Leavitt said.

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North Korea claims ‘cutting-edge’ hypersonic missile test ahead of APEC summit

North Korea successfully tested a “new cutting-edge weapons system” involving hypersonic missiles, state-run media reported Thursday. The launch, which took place on Wednesday, was detected by the South’s military. Photo by Jeon Heon-kyun/EPA

SEOUL, Oct. 23 (UPI) — North Korea successfully tested a “new cutting-edge weapons system” involving hypersonic missiles, state-run media reported Thursday, amid heightened regional tensions ahead of the upcoming Asia-Pacific Economic Cooperation summit in South Korea.

Two hypersonic projectiles were launched in a northeast direction from the Pyongyang area and hit targets on a plateau of Kwesang Peak in Orang County, North Kamgyong Province, the official Korean Central News Agency reported.

“The new weapon system was tested as part of the defense capability development program to enhance the sustainability and effectiveness of strategic deterrence against potential enemies,” KCNA said.

The test, held Wednesday, was overseen by a delegation of officials led by Pak Jong Chon, secretary of the Central Committee of the ruling Workers’ Party of Korea. North Korean leader Kim Jong Un was not present at the test.

“The new cutting-edge weapon system is a clear proof of steadily upgrading self-defensive technical capabilities of the DPRK,” Pak said, according to KCNA.

The Democratic People’s Republic of Korea is the official name of North Korea.

Seoul’s military on Wednesday said that it detected the launch of several short-range ballistic missiles, which flew for roughly 217 miles before falling on land.

U.S. Forces Korea denounced the North’s launches and its “relentless pursuit of long-range missile capabilities,” acts that are prohibited by U.N. Security Council resolutions.

“The United States condemns these unlawful and destabilizing actions, and we call on the DPRK to refrain from further acts in violation of the UNSCR,” USFK said in a statement.

The launch was North Korea’s fifth of the year, and the first since South Korean President Lee Jae Myung took office in June. Lee has made efforts to improve relations between the two Koreas, with conciliatory gestures such as removing propaganda loudspeakers from border areas.

The missile test comes ahead of South Korea’s hosting of the APEC summit in Gyeongju on Oct. 30-Nov. 1. U.S. President Donald Trump is expected to visit Gyeongju before the official summit for bilateral meetings with leaders including Chinese President Xi Jinping and South Korea’s Lee.

Analysts had speculated that the North may conduct a provocation ahead of the event as Pyongyang continues its push to be recognized as a nuclear-armed state.

The regime unveiled its latest intercontinental ballistic missile, the Hwasong-20, at a massive military parade earlier this month. The ICBM, which North Korean state media called the regime’s “most powerful nuclear strategic weapon,” is a solid-fuel missile believed capable of reaching the continental United States.

Hypersonic weapons, meanwhile, travel at least five times the speed of sound and are maneuverable mid-flight, making them a challenge for missile detection and interception systems.

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