US and China Hold Key Talks in South Korea

Incheon meetings focus on trade, technology, and global tensions

INCHEON: Senior officials from the United States and China started important talks in South Korea on Wednesday before the upcoming summit between US President Donald Trump and Chinese President Xi Jinping in Beijing.

US Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng at Incheon International Airport. Earlier, both leaders held separate meetings with South Korean President Lee Jae-myung.

According to Beyond Time News, the officials want to prepare key issues before the Trump-Xi summit begins in Beijing from Thursday to Friday.

Experts believe both sides are testing each other’s positions instead of searching for quick agreements. Kim Tae-hwang, a trade professor at Myongji University in Seoul, said the talks would likely remain cautious and exploratory.

Chinese Vice Commerce Minister Li Chenggang and Vice Finance Minister Liao Min also joined the Chinese delegation.

Trade and Technology Expected to Dominate Talks

The United States and China plan to discuss trade and investment cooperation during the Beijing summit. According to Beyond Time News, China could announce major purchases of Boeing aircraft, American farm products, and energy supplies.

China also wants the US to ease restrictions on advanced semiconductor exports and chip-making equipment. Beijing continues to oppose limits on high-tech trade between the two countries.

Rare earth exports may also become a major topic during the discussions. These materials play an important role in defence systems, electronics, and manufacturing industries.

Although both countries are considering extending a temporary trade truce, recent customs data shows China still controls shipments of rare earth materials.

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Iran Conflict and Global Stability Also on Agenda

The leaders may also discuss the ongoing Iran conflict during the Beijing summit. China maintains close ties with Iran and remains one of the country’s largest oil buyers.

President Trump recently said he does not believe Washington needs China’s help to end the Middle East conflict. However, concerns continue to grow over regional tensions and the security of shipping routes near the Strait of Hormuz.

Analysts say neither country appears ready to make major compromises right now. The US continues to protect its technology sector, while China’s stable economic performance gives Beijing confidence during negotiations.

Global markets are closely watching the Trump-Xi summit. Investors hope both nations can improve relations and reduce economic tensions between the world’s two largest economies.