US President Donald Trump has indicated a potential meeting with Chinese President Xi Jinping in South Korea may not occur. This follows statements suggesting China desires to negotiate a trade agreement. Trump asserted, ‘China wants to negotiate with us. We will make a great trade deal.’ However, he also warned that the US could be facing a lack of cooperation if China expands export controls on rare earths. Meanwhile, Trump’s statement regarding tariffs and national security came amid discussions on his recent trade negotiations with Australia and their impact on challenging China’s dominance in critical minerals. The Bitcoin price has exhibited movement following Trump’s declaration that there may be no talks with China, further adding to the complexity of the geopolitical landscape.