Trump's meeting with Xi appears back on as tone with China softens after tariff threat

[BumRushDaShow]

Source: msn/USA Today

11h


WASHINGTON ‒ Treasury Secretary Scott Bessent said he expects President Donald Trump and Chinese President Xi Jinping to still meet in October after Trump threatened to skip their meeting and impose massive tariffs on Beijing in retaliation to new Chinese export controls.

Bessent said Oct. 13 that the Trump administration and China had "substantial communication" over the weekend after Trump threatened to impose a new 100% tariff on imports from China that would take effect Nov. 1.

"He will be meeting with Party Chair Xi in Korea. I believe that meeting will still be on," Bessent said in an interview on Fox Business. "The idea is to give them time to meet and work this out."

The planned meeting with Xi is at the Asia-Pacific Economic Cooperation summit in South Korea, set for Oct. 31 and Nov. 1. Bessent said Trump now believes China's new export controls on rare earth minerals ‒ which triggered Trump's tariff threat ‒ might have come from a "lower-level official," not Xi.

Read more: https://www.msn.com/en-us/news/politics/trumps-meeting-with-xi-appears-back-on-as-us-softens-tone-with-china-after-tariff-threat/ar-AA1Oo3TE

[WSHazel]

1. Trump-world closed out their trade from last Thursday

The market manipulation is so transparent.

[Bernardo de La Paz]

2. I find automatic reflex cynicism tiresome and counter-productive so I personally avoid it. . . . . nt

[WSHazel]

11. What?

This is probably the 15th time since he has been elected that there has been a TACO trade. There is nothing reflexive about my cynicism. I am simply describing the obvious.

[Bernardo de La Paz]

3. Futures don't seem to be taking that on board. SP500 e-mini is down 0.91 pct. . . . nt

[kerouac2]

4. I guess they already pumped, dumped and shorted enough

Maybe he needs to keep things stable for a week or so before he does and says things that he and his clan can use to make billions in stock and crypto.

[lostincalifornia]

5. and yet China escalate trade war with the U.S. on shipping

China Escalates US Trade Fight With Curbs on Shipping

China sanctioned the US units of a South Korean shipping giant and threatened further retaliatory measures on the industry, the latest in a series of tit-for-tat moves as Beijing and Washington jockey for leverage before expected trade talks.

The sanctions, targeting five US units of Hanwha Ocean Co., helped fuel a slump in global equities on Tuesday as traders dialed back hopes for an easing of tensions between the world’s largest economies. Hanwha Ocean closed down 6.2%, while shares of Chinese shipbuilders rallied.

China’s moves escalate a long-standing dispute with the US over maritime dominance. Both sides have already slapped special port fees on each other’s vessels, while the US has rallied allies — especially South Korea — to help it revive a moribund American shipbuilding industry. The battle has implications for the global economy, as vessels are responsible for moving more than 80% of international trade.

China-Made Ships Account For Over a Third of Global Fleet
Asian nations dominate shipbuilding sector

https://www.bloomberg.com/news/articles/2025-10-14/china-imposes-curbs-on-hanwha-units-after-us-shipping-moves?srnd=homepage-americas

and the futures seem to be propelled downward this morning.

bitcoin is down 3.5%

[mdbl]

6. XI is turning him in to TACO again.

[BaronChocula]

7. It IS Tuesday

Guess what I'm having for dinner!

[mdbl]

10. lol

[Torchlight]

8. I don't think he'll be meeting with Party Chair Xi in Korea

I think he'll be played by Party Chair Xi in Korea. If he's feeling generous, Xi might leave a $20 on Mr. trump's night stand when he leaves for home.

[republianmushroom]

9. TACO donney, caving again.