Overview

• President Trump announced the meeting after a phone call with Xi, saying they agreed to meet in Gyeongju during the Oct. 31–Nov. 1 APEC summit.
• The format of the encounter has not been finalized, with officials not yet confirming a formal summit or an informal exchange.
• Beijing said it would welcome productive commercial negotiations consistent with market rules and urged an open, fair, non-discriminatory environment for Chinese investors in the United States.
• A Chinese-approved framework for TikTok’s parent ByteDance last week eased a U.S. law-driven shutdown threat, clearing one irritant ahead of the talks.
• Trump said he plans to visit China early next year, with a reciprocal visit by Xi to the United States at an appropriate time, according to his statement.