White House: Trump to meet with Japan, China and So. Korea leaders next week | investingLive

The White House has released the agenda for President Trump’s upcoming trip to the Far East next week.

• Tuesday: Meeting with Japan’s new Prime Minister Sanae Takaichi.

• Wednesday: Meeting with South Korea’s Prime Minister Kim Min-seok.

• Thursday: Meeting with China’s President Xi Jinping.

There had been uncertainty over whether the meeting with Xi would occur, but it is now confirmed on the president’s schedule.

In addition to the high-stakes geopolitical developments in Asia, the FOMC will announce its rate decision on Wednesday, setting the stage for a busy and potentially volatile week.

The trip comes amid escalating U.S.–China tensions, echoing the uneasy prelude to the earlier Trump–Putin summit in Alaska, which ended without progress. Both Washington and Beijing are tightening sanctions and trade threats:

• The U.S. plans to raise tariffs on Chinese goods to 155% effective November 1.

• China is holding firm on its restrictions of rare-earth exports and curbs on U.S. soybean purchases.

Meanwhile, the New York Times reports that the U.S. is preparing a trade-compliance investigation into China’s failure to meet obligations under the 2020 trade deal—a move that could lead to additional tariffs. As with Russia, China continues to overpromise and underdeliver, a strategy that U.S. officials increasingly view as intentional.