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‘The world is watching’: Trump and Xi to meet with global trade on the line

US and Chinese leaders expected to unveil deal to extend tariff truce amid tensions over rare earths and tech controls

President Donald Trump had a clear message for business leaders the day before a high-stakes summit with Xi Jinping that will determine if the US and China extend a trade war truce or plunge back into economic hostility.

“The world is watching,” Trump told executives at the Asia-Pacific Economic Cooperation forum in South Korea on Wednesday. “I think we’ll have something that’s very exciting.”

When Trump and Xi last met in 2019, their countries were also battling over trade, but this time, the stakes are much higher.

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