AI, Tariffs, Rare Minerals: What to Expect From Trump’s Upcoming Summit With Xi Jinping
An upcoming summit between Donald Trump and Xi Jinping at the White House will address critical issues including the expiring trade truce, potential new trade agreements, and China's dominant position in rare earth minerals essential for AI. Diplomatic activities are underway to set the agenda, with AI safety also on the table. The meeting involves unusual diplomatic gestures, signaling its importance.
Why it matters
This summit is crucial for global trade relations, technological competition, and supply chain stability, particularly concerning rare minerals vital for advanced technologies like AI. The outcomes could significantly impact international economic and political landscapes, affecting industries and consumers worldwide.
Though the majority of the diplomatic activities are happening in New York, this face-to-face between the two leaders will take place at the White House. Trump is scheduled to personally welcome Xi at Joint Base Andrews on Wednesday, September 23—an unusual diplomatic gesture, as US presidents do not typically go to the airport to welcome foreign leaders.
Ahead of that airport reunion, a US delegation led by Treasury secretary Scott Bessent and trade representative Jamieson Greer is meeting with He Lifeng, China’s vice premier of the State Council, to set the agenda. The World Economic Forum presented an overview of some of the most pressing topics, including the trade conflict, the supply chain, technological competition, and the ever-sensitive issue of Taiwan—all while keeping in mind the difficulties that have kept the US mired in a war in the Middle East that threatens to escalate.
Trade Truce Expiring
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