Trump Plans Xi Meeting, Calls 100% Tariffs Unworkable Ahead of APEC | AI News Digest
In a significant departure from his previously stringent stance, U.S. President Donald Trump revealed plans to engage in talks with Chinese President Xi Jinping during a meeting scheduled in South Korea in two weeks. In a recent interview, Trump described his earlier proposal of imposing 100% tariffs on Chinese imports as unrealistic, explaining that the figure was influenced by China's handling of rare earth materials. He remarked that the current trade frictions primarily stem from China's policies, which he argued have constrained his options. This shift in rhetoric comes amid ongoing volatility in trade negotiations that have profoundly affected markets and corporate strategies since Trump's presidency began. The upcoming meeting at the APEC summit is anticipated to play a pivotal role in shaping the future of U.S.-China relations.
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