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Trump–Xi Talks Loom Over Oil Markets

Trump and Xi aim to resolve trade tensions, finalize a TikTok deal with 170 million U.S. users, and discuss Taiwan’s security amid rising geopolitical challenges.

  • On Thursday, President Donald Trump will meet President Xi Jinping in South Korea at APEC, marking their first in-person meeting since 2019 after trade talks in Malaysia.
  • Trade tensions stem from Beijing's export-licensing rules and rare-earth controls, prompting Trump to float higher tariffs and Washington to seek supply deals with Australia and Canada in recent months.
  • Negotiators report a near-final TikTok deal, with Oracle holding 80 percent while ByteDance retains a stake, amid bipartisan concerns over 170 million U.S. users.
  • Heightened Chinese military activity frames U.S.-China discussions on Taiwan, with Trump facing backlash for blocking $400 million in military aid and suggesting Taiwan pay `protection money`, while U.S. Defense Secretary Marco Rubio downplays escalation fears.
  • Treasury Secretary Scott Bessent signaled tariffs set for November 1 are effectively off the table, though export restrictions in December remain uncertain as U.S. soybean exports to China may resume below pre-trade-war levels.
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The forum will be between October 31st and November 1st in South Korea. The meeting among the leaders of the world’s largest economies draws attention.

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Pearls and Irritations broke the news in on Monday, October 27, 2025.
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