China’s Xi may visit US in not-too-distant future, Trump says

China’s Xi may visit US in not-too-distant future, Trump says


Chinese President Xi Jinping and U.S. President Donald Trump.

Dan Kitwoodnicholas Kamm | Afp | Getty Images

U.S. President Donald Trump on Monday suggested that Chinese President Xi Jinping may visit the United States “in the not-too-distant future” for talks as economic tensions escalate between the powers.

Trump has slapped 20% levies on all imports from China since taking office in January, faulting Beijing for not halting the flow of chemicals used to make illegal fentanyl, a leading cause of U.S. drug overdose deaths.

Trump has voiced optimism in recent weeks about having a good relationship with Xi. But there has been little sign of progress on a range of issues splitting the nations, from tariffs to Taiwan.

China objects to the tariffs and says it has taken serious action on counter-narcotics. Beijing has imposed a limited set of its own retaliatory trade actions.

“He’ll be coming,” Trump said, “in the not-too-distant future.”

Trump made the comments as an aside during a board meeting at the John F. Kennedy Performing Arts Center in Washington.

The U.S. president has said tariffs are needed to rebalance uneven trade relations with foreign countries and to raise revenue for the government. He has largely rejected investor fears that the levies could slow growth and raise inflation.

The White House did not respond to a request for further comment. The Chinese embassy in Washington did not respond to a request for comment.



Source

AI set to be a boon for emerging markets — but some investors aren’t convinced
World

AI set to be a boon for emerging markets — but some investors aren’t convinced

Artificial intelligence is expected to democratize access to technology, making it a boon for would-be founders in emerging markets — but some investors disagree. “AI will change everything for emerging markets,” said Anton Osika, CEO and co-founder of Swedish startup Lovable, which allows others to create apps and websites via prompting, removing the need for […]

Read More
Shares of Australian critical metal companies surge on .5 billion U.S. minerals deal
World

Shares of Australian critical metal companies surge on $8.5 billion U.S. minerals deal

U.S. President Donald Trump, and Anthony Albanese, Australia’s prime minister, shake hands outside the West Wing of the White House in Washington, DC, US, on Monday, Oct. 20, 2025. Bloomberg | Bloomberg | Getty Images Shares of some of Australia’s largest critical metals and rare earths companies surged on Tuesday following the announcement of a […]

Read More
CNBC Daily Open: All you need for a rally is a good iPhone
World

CNBC Daily Open: All you need for a rally is a good iPhone

Consumers experience the iPhone 17 in an Apple store in Shanghai, China on October 13, 2025. Cfoto | Future Publishing | Getty Images Critics’ displeasure at the iPhone 17 Pro’s fluorescent orange color aside, Apple’s “Cosmic Orange” smartphone has charmed fans — and investors. The newest iPhone 17 series, which includes the base iPhone 17 […]

Read More