Tit-for-tat tariffs, a shaky truce and turmoil: How we got to the Trump-Xi meeting
15 minutes ago Share Save Osmond Chia Business reporter Share Save
Getty Images Donald Trump and his Chinese counterpart Xi Jinping are due to meet on Thursday
US President Donald Trump and Chinese leader Xi Jinping are set to meet on Thursday, with their countries appearing closer than ever to a trade deal. Officials on both sides said earlier this week that they had reached a consensus "to address their respective concerns". US Treasury Secretary Scott Bessent went as far as to say that he did not expect the 100% levy Trump had threatened to impose on Chinese goods to take effect. That's far from the only concern. The world's two biggest economies are competing over everything - from tit-for-tat tariffs, to access to the critical minerals and semiconductors that underpin advanced manufacturing. Even TikTok, the hugely popular Chinese-owned app, has become a long-running source of tension because of national security concerns.
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