Sat Nov 16 13:20:56 UTC 2024: ## Biden and Xi Hold Last-Minute Summit Amidst Rising US-China Tensions

**Lima, Peru** – President Joe Biden met with Chinese President Xi Jinping on Saturday in a last-ditch effort to de-escalate tensions before the inauguration of Donald Trump. The meeting, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum, comes amidst a flurry of new conflicts that threaten to further destabilize US-China relations.

Key issues fueling the tension include a recent major cyberattack linked to China targeting US government officials and presidential campaign teams, increasing Chinese pressure on Taiwan, and Beijing’s support for Russia. Taiwanese President Lai Ching-te’s planned stopover in Hawaii and potentially Guam further complicates the situation, a move sure to anger China.

Adding to the strain are Biden’s recent trade measures targeting China’s artificial intelligence, quantum computing, and semiconductor sectors, as well as export restrictions on high-end computer chips. These actions are inflicting significant economic damage on China.

Further escalating the situation, President-elect Trump has promised sweeping 60% tariffs on Chinese goods and a more hawkish approach to China, potentially appointing figures like Senator Marco Rubio as Secretary of State. While China seeks to de-escalate tensions before Trump takes office, the incoming administration’s stance presents a significant challenge.

Meanwhile, China is actively courting Latin American nations, finalizing a free-trade agreement with Peru, and undertaking significant infrastructure projects in the region. This has prompted concerns in Washington about potential Chinese military and intelligence expansion in the Americas.

While US officials maintain their commitment to the region and dispute claims of expanding Chinese influence, analysts suggest Xi’s APEC visit and engagement with Latin America will overshadow Biden’s efforts to maintain stability in US-China relations. The meeting’s significance also extends beyond the White House, aiming to reassure American businesses and encourage continued investment in China.

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