APEC meeting between Trump and Xi in mid-month, U.S. and Chinese officials discussed via phone before departure
The United States requires China to implement its rare earth and agricultural product purchase commitments at the Busan Summit
Quick Look
- The Asia-Pacific Economic Cooperation Summit will be held in Shenzhen on the 18th and 19th.
- President Trump and Chinese President Xi Jinping plan to meet during the period, which will be the third meeting this year.
- Treasury Secretary Bessent and Trade Representative Greer had a phone call with Chinese Vice Premier He Lifeng on the 6th, demanding that China fully implement the Busan Summit’s commitments on rare earth control and agricultural product procurement.
AI-generated summary
Why It Matters
The heads of state of the United States and China will hold a summit in Busan, South Korea, in October 2025. China promised to suspend the expansion of rare earth controls and resume purchases of soybeans and other agricultural products from the United States. The United States agreed to adjust tariffs on China, and the economic and trade war between the two sides was temporarily suspended. Xi Jinping visited Washington in September this year, and the two sides agreed to extend the expired Busan Agreement until January next year.
The Asia-Pacific Economic Cooperation (APEC) Summit will be held in Shenzhen on the 18th and 19th. U.S. President Trump and Chinese President Xi Jinping plan to hold their third meeting this year during the period. (Reuters photo)
The heads of state of the United States and China are expected to meet during the Asia-Pacific Economic Cooperation summit in mid-month. U.S. Treasury Secretary Bessent and Trade Representative Greer had a phone call with Chinese Vice Premier He Lifeng today. The U.S. continues to demand that China implement its commitments on opening up rare earths and purchasing U.S. agricultural products during the Busan Summit.
The Asia-Pacific Economic Cooperation (APEC) Summit will be held in Shenzhen on the 18th and 19th. U.S. President Donald Trump and Chinese President Xi Jinping plan to hold their third meeting this year during the period. Officials from both sides will once again conduct routine consultations on economic and trade issues before the meeting.
U.S. Treasury Secretary Scott Bessent and Trade Representative Jameison Greer had a phone call with Chinese Vice Premier He Lifeng on the 6th to discuss bilateral economic and trade relations and the implementation progress of the Busan Agreement.
Bessant stressed the importance of China's full and immediate implementation of the Busan Summit commitments and expressed concern about China's recent actions. He pointed out that whether there is any progress in these commitments depends on the actual results, and the United States will closely evaluate China's implementation.
Greer pointed out that the United States is paying special attention to the purchase of agricultural products, rare earths and other critical minerals. The Trump administration will continue to promote a balanced trade between the United States and China, monitor the implementation of commitments, and create long-term benefits for American farmers, agriculture, animal husbandry, manufacturers, and workers.
The heads of state of the United States and China will hold a summit in Busan, South Korea, in October 2025. China promised to suspend the expansion of rare earth controls and resume purchases of soybeans and other agricultural products from the United States. The United States agreed to adjust tariffs on China, and the economic and trade war between the two sides was temporarily suspended. Xi Jinping visited Washington in September this year, and the two sides agreed to extend the expired Busan Agreement until January next year.
What to Watch
AI outlook — possibilities, not facts
Trump and Xi Jinping will meet on the sidelines of the APEC Summit in Shenzhen
Very likely · Within days
The United States will continue to evaluate China’s implementation of the Busan Agreement
Likely · Within weeks
Open Questions
- The specific time and agenda of the meeting between Trump and Xi Jinping in Shenzhen
- Has China fully implemented its Busan Summit commitments on rare earths and agricultural products?
- Will the US further adjust tariffs on China based on implementation?





