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US President Donald Trump announced plans to visit China "early next year", following an invitation from Beijing. He expressed confidence in his relationship with Chinese President Xi Jinping, downplaying recent tensions over tariffs and trade. Despite China's announcement of new curbs on its rare earths exports, which had threatened to reignite a trade war, Trump said the two countries needed to work together.
Trump also stated that he expected to meet with Xi in South Korea later this month to seal a "fair" trade deal. The US president expressed hope that China would start buying US soybeans again, which have been hit hard by the ongoing trade dispute. Chicago Board of Trade soybean futures rose after Trump's comments raised hopes for a new wave of sales.
However, Trump conceded that China views Taiwan as its own territory and said he believed Xi would be deterred from invading due to China's awareness of the US military's strength. He declined to answer questions about whether the US would provide less support for Taiwan in exchange for concessions from China.
The recent tensions between the two countries were marked by a heated exchange between US Treasury Secretary Scott Bessent and Chinese officials, who accused the US of "pointing a bazooka at the supply chains and industrial base of the entire free world".
Trump also stated that he expected to meet with Xi in South Korea later this month to seal a "fair" trade deal. The US president expressed hope that China would start buying US soybeans again, which have been hit hard by the ongoing trade dispute. Chicago Board of Trade soybean futures rose after Trump's comments raised hopes for a new wave of sales.
However, Trump conceded that China views Taiwan as its own territory and said he believed Xi would be deterred from invading due to China's awareness of the US military's strength. He declined to answer questions about whether the US would provide less support for Taiwan in exchange for concessions from China.
The recent tensions between the two countries were marked by a heated exchange between US Treasury Secretary Scott Bessent and Chinese officials, who accused the US of "pointing a bazooka at the supply chains and industrial base of the entire free world".