Overview

• It will be the leaders’ first direct conversation since June, announced by President Trump but not publicly confirmed by Beijing.
• Topics expected on the agenda include TikTok’s sell‑or‑be‑banned deadline, Boeing aircraft sales, rare‑earth magnets, semiconductor controls, Taiwan and fentanyl enforcement.
• U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met Chinese officials in Madrid to draft a TikTok compliance framework ahead of the call.
• Both sides have paused their harshest tariff measures, with another tariff-related deadline approaching in mid‑November.
• Analysts and officials point to possible near‑term gestures such as a large Chinese order of Boeing planes and increased U.S. soybean purchases to demonstrate progress.