Biden and Xi to meet in Peru as US-China trade tensions escalate
U.S. President Joe Biden and Chinese President Xi Jinping are set to meet in Lima, Peru, during the Asia Pacific Economic Cooperation summit. This will be their third in-person meeting since Biden took office, amid ongoing tensions in U.S.-China relations. Trade relations have worsened, with Mexico surpassing China as the U.S.'s largest trading partner for the first time in 20 years. Biden has maintained tariffs from the Trump era and imposed new restrictions on Chinese imports, while tensions over Taiwan and TikTok continue to escalate. As Trump prepares for a potential second term, he has threatened significant tariffs on Chinese goods and criticized Taiwan's role in the semiconductor industry. His approach to TikTok may shift, as he has expressed a desire to keep the app operational in the U.S.