Seoul: A planned summit between U.S. President Donald Trump and Chinese President Xi Jinping next week faces growing uncertainty as tensions between the two nations escalate.

Just a month ago, both leaders expressed optimism about advancing trade and diplomatic relations. However, recent developments have cast doubt on the success of the upcoming meeting. China’s unexpected expansion of export restrictions on rare earth minerals, in response to U.S. technology sanctions, has heightened hostilities. Each side accuses the other of economic aggression, with Trump warning of possible 100% tariffs if talks fail.

Despite ongoing behind-the-scenes diplomacy, including an anticipated meeting between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, experts suggest that only a narrow agreement may be achievable. Both nations perceive themselves as negotiating from strength, contributing to stalled talks amid worsening economic and geopolitical tensions.

Observers remain cautious, hoping for confidence-building measures or groundwork for future deals. The outcome of the summit could have significant implications for global trade and international relations.