Trump and Xi set for first face-to-face meeting in 6 years as major trade war looms over both nations

Trump and Xi Jinping's high-stakes meeting in South Korea could reshape U.S.-China relations amid escalating trade tensions and potential tariff relief.

When President Donald Trump meets Chinese President Xi Jinping in South Korea on Thursday, it could reset relations with the global power that’s long been defined as America’s greatest geopolitical threat. (Susan Walsh/AP)

Other U.S. priorities are sure to come up: increasing Chinese purchases of American agricultural products, finalizing the Chinese sale of TikTok and getting China to do more about the flow of precursor chemicals for drugs like fentanyl to the U.S.

"China’s going to be working with me," Trump said when asked what Beijing would do to cut back on fentanyl trafficking.

Xi, meanwhile, is expected to try to get Trump to understand his side on the Taiwan issue. U.S. military planners for years have expected Beijing to be capable of invading Taiwan by 2027 and prepared for a war scenario in which the U.S. would step in on behalf of the island democracy.

TRUMP ARRIVES IN SOUTH KOREA FOR KEY TALKS AHEAD OF APEC SUMMIT, XI MEETING — NO KIM JONG UN REUNION

Russian President Vladimir Putin, Chinese President Xi Jinping and North Korean leader Kim Jong Un recently met in China. (Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP)

Treasury Secretary Scott Bessent predicted on CBS’ "Face the Nation" on Sunday that Trump and Xi would "consummate [the TikTok] transaction in South Korea on Thursday."

But others are less optimistic that TikTok will hand over total control to an independent U.S. company.

"I believe Xi Jinping views this as a strategic asset," Rep. John Moolenaar, R-Mich., chair of the House Select Committee on competition with China told "‘Face the Nation."

"That’s why he didn’t want to sell it to some of the other American companies that were interested in purchasing it. So as long as they’re involved, I think we have to recognize that TikTok, even an American version, still could be open to influence from the Chinese Communist Party."

Secretary of State Marco Rubio sought to reassure Taipei that "no one is contemplating" veering away from Taiwan in exchange for preferential trade terms.

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The summit comes just after Trump shored up relations with Japan and South Korea.

"I want to just let you know anytime you have any question, any doubt, anything you want, any favors you need, anything I can do to help Japan, we will be there," Trump said to Japan’s new prime minister, Senae Takaichi. "We are an ally at the strongest level."

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