Trump Arrives in Asia for High-Stakes Talks With Xi

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00:00U.S. President Donald Trump has kicked off a three-nation tour of Asia

00:04with a spotlight and a high-stakes meeting with China's Xi Jinping.

00:08At the top of the agenda, a possible trade deal with China

00:12that could ease tensions between the world's two largest economies.

00:17I think we'll make a deal. I think we're going to make a deal on the rare earth is the least of it.

00:21Look, the tariffs are much more powerful.

00:23Trump has threatened to hike tariffs on China by 100% on November 1st

00:28if it doesn't roll back restrictions on rare earth exports.

00:32He's also hoping to persuade Xi to pressure Russian President Vladimir Putin

00:37to end his invasion of Ukraine.

00:40But any potential deal would require Trump to make significant concessions,

00:45possibly giving in to Chinese demands for access to advanced semiconductors.

00:51Beyond China, Trump's trip carries other high-stakes negotiations.

00:56After attending a Southeast Asian regional summit in Malaysia,

01:00he'll head to Tokyo to meet Japan's new Prime Minister, Sinai Takeuchi,

01:04before wrapping up in Seoul with South Korean President Lee Jae-moon.

01:09But Japan's $550 billion investment pledge in the U.S.

01:14is still being finalized, as is a similar deal with South Korea.

01:19For America's allies across Asia, much depends on Trump's meeting with Xi

01:25as a moment that could either deepen uncertainty

01:29or restore some calm to global trade.