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Trump said Oct. 10 that “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths.

Merchandise trade volumes are forecast to rise 2.4% this year, the Geneva-based forum said in a report Oct. 7 — much faster than the 0.9% growth it predicted in August.

One of the world’s most durable and amicable alliances has been fractured by Trump’s trade war and annexation threats.

Led by Rep. Adam Smith, the visit to Beijing comes as tensions have risen between the two countries over trade, technology and opposing views on global conflicts.

President Trump said he had made progress with Chinese President Xi Jinping toward finalizing a deal over TikTok and that the two would meet on the sidelines of the upcoming APEC summit.

The trip is expected to produce a declaration on boosting cooperation in energy, security, transportation and trade, and likely will include pledges to increase trade of autos and parts.

President Trump extended the deadline for TikTok’s Chinese parent, ByteDance, to divest the platform’s U.S. operations — this time until Dec. 16 — staving off a shutdown of the app in the U.S.

President Donald Trump said in a social media post that he and Chinese President Xi Jinping would be speaking Sept. 19.

The Ministry of Commerce announced an antidumping probe into certain analog IC chips imported from the U.S. and an antidiscrimination probe into U.S. measures against China’s chip sector.

Bessent will discuss tariffs and national security issues related to the ownership of social media platform TikTok.