Goldman Briefs Clients On China, Rare-Earths, Tariff Threats Ahead Of Trump-Xi Asia Summit

President Donald Trump and Chinese President Xi Jinping are expected to meet at the Asia-Pacific Economic Cooperation (APEC) summit later this month to discuss ways to defuse the tit-for-tat trade war between the world's two largest economies.

In recent weeks, a flurry of trade headlines has sent global markets on a rollercoaster ride. Trump warned just days ago that the U.S. will impose a 100% tariff on Chinese imports starting November 1 unless Beijing reverses its newly expanded export restrictions on rare-earth minerals and magnets.