Economic Diplomacy: Trump and Xi's High-Stakes Meet

President Donald Trump and Chinese leader Xi Jinping are set to meet on Thursday in a bid to alleviate mounting trade tensions. The leaders of the world's largest economies aim to stabilize relations after months of economic disruptions caused by tariffs and export restrictions.

Trump's imposition of tariffs upon returning to office and China's retaliatory export restrictions on rare earth elements have instilled a sense of urgency in the meeting. Both countries acknowledge the critical stakes involved, with potential disruptions to the global economy.

In Busan, Trump expressed optimism regarding progress with Xi, suggesting possible tariff reductions in exchange for China's cooperation on fentanyl issues. Meanwhile, ahead of the Asia-Pacific Economic Cooperation summit, indications of emerging alignment have buoyed investor sentiments and energized the stock market.