Trump-Xi Talks to Shape US-China Trade Truce and Global Markets

President Donald Trump's talks with China's Xi Jinping on Thursday will be the week's pivotal event, covering tariffs, technology, and critical minerals, with the outcome likely to shape the fragile US-China trade detente. Tensions have risen since their May meeting, with US officials criticizing China over the one-year trade truce terms. Chinese export curbs on critical minerals have caused supply shocks, and negotiations may come down to the wire over extending the truce. The summit is closely watched in Brussels ahead of EU-China talks in October. US President Trump has delayed a report on excess capacity and suspended many tariffs, leaving only a 7.5% duty, while downplaying reports on China-Iran ties.