US President Donald Trump said he expects a “fantastic” trade deal with Chinese leader Xi Jinping amid rising tensions over rare earth exports. Trump confirmed plans to meet Xi at the APEC summit, despite threats of new 100% tariffs.

Washington: President Donald Trump said on Monday that the US commands “great respect” from Beijing and that he will reach a “fantastic deal” with Chinese President Xi Jinping when the two leaders meet soon.

Trump’s remarks come after Beijing infuriated him by expanding export controls on rare earth products that are used in smartphones, fighter jets, electric vehicles and more. Trump spoke as he hosted Australian Prime Minister Anthony Albanese at the White House, celebrating an agreement with the US ally as a potential counterpoint to China’s near-monopol

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