Trump-Xi Summit: Trade Tensions Hang in Balance

0:00It's April 6th. Global news today starts now. AI-powered and worldwide. I'm Corey with the story. President Trump is set to meet Chinese President Xi Jinping in mid-May during his first trip to China in eight years. This comes amid ongoing trade tensions that kicked off with sweeping U.S. tariffs last year, escalating into tit-for-tat levees topping 100 percent on both sides. Tensions shifted from pure tariff wars to rounds of talks, including a 90-day truce in Geneva last May and another in Busan last October. There, they agreed to trim tariffs, tackle fentanyl flows, boost U.S. soybean buys and ease rare-earth export curves. The back-and-forth hit economy's hard. China ended last year with a record-trade surplus by rerouting exports to places like Southeast Asia. U.S. courts rejected parts of the tariff plan in February, but Trump vowed to keep pushing them anyway. This year, ramped up with new U.S. probed into Chinese industries in March, matched by China's responses, plus constructive talks in Paris.

1:04Trump delayed the Beijing visit over the Iran situation, but both sides keep negotiating. As these two giants circle each other, that may some it could reset the board or spark fresh friction. Either way, the global trade games hanging in, the balance.