Overview
- The leaders are set to convene at 11:00 local time in South Korea for a three to four hour session on the sidelines of APEC, according to U.S. and Chinese officials.
- Following preparatory talks in Kuala Lumpur, negotiators on both sides described a substantive framework to guide the meeting.
- Draft terms under discussion include a one‑year postponement of China’s rare‑earth export controls in exchange for easing or shelving newly threatened 100% U.S. tariffs.
- A TikTok plan is reportedly ready in substance, with an Oracle‑led U.S. consortium to hold 80% of the app’s U.S. operations and ByteDance 20%, pending signatures from Trump and Xi.
- Trump has signaled tariff reductions if Beijing curbs exports of fentanyl precursors and cooperates with U.S. law enforcement, while analysts caution any outcome would likely be a temporary pause rather than a structural fix.