00:00Europe will be watching closely as Chinese President Xi Jinping arrives in the United
00:04States for a three-day summit with Donald Trump.
00:07Decisions on trade, artificial intelligence and rare earths could directly affect European
00:11economic interests.
00:13The EU is already negotiating with Beijing to reduce a trade deficit worth around 1 billion
00:18euro a day, with an October deadline for tangible progress.
00:22We are engaged in a dialogue with China to rebalance our trade.
00:26US tariffs on China are also a concern for Europe because they can redirect Chinese exports
00:31towards the EU market.
00:33Rare earths will be another key issue, with European industry heavily exposed to Chinese
00:37supply.
00:38The summit is Trump and Xi's third in-person meeting in just under a year, with both sides
00:43likely to seek an extension of the trade truce they reached last October.
