White House Press Secretary Karoline Leavitt announced on Wednesday that the Trump-Xi summit has been rescheduled to May 14-15 in Beijing, China. Chinese President Xi Jinping, alongside First Lady Peng Liyuan, will travel to Washington, D.C. at a later date that has yet to be scheduled.
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Forget margin or options. Here's how the pros trade QQQThe summit was originally planned for March 31 to April 2, although Trump said it would be delayed by “a month or so” in light of the U.S.-Iran war.
Rare Earths in Focus as U.S., China Prepare for Summit
Earlier this month, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng and Vice Minister of Commerce Li Chenggang in Paris, with Bessent describing the discussions as “very good.”
The upcoming summit will likely cover several key topics, including tariffs, Iran, Taiwan, and rare earths. Rare earths are crucial in the development of AI chips, smartphones, electric vehicles, and other technology, with China accounting for roughly 65% of global production.