President Donald Trump enters talks with Chinese President Xi Jinping facing a more complicated global landscape, as U.S. allies show greater reluctance to follow Washington’s approach toward Beijing.
China has expanded trade relationships and developed leverage through rare earths, which are critical to industries including automobiles, technology and defense. According to the report, China accounted for more than 70% of global rare earth mining and over 87% of refining and production in 2024.
Trump retains significant leverage through U.S. control of advanced semiconductor technology and export restrictions. Rare earths and semiconductor access are expected to feature in negotiations as the current trade truce approaches its November 10 expiration.
The summit also carries implications for Taiwan, including a delayed $14 billion U.S. arms package, while China’s ties with Iran provide another potential source of geopolitical influence.
Related Tweet:
Trump faces Xi as strains with allies complicate U.S. pressure on China https://t.co/OgVy2gzbss
— CNBC (@CNBC) September 23, 2026
Also Read:
TIPP Staff
