(MENAFN) US President Donald Trump has laid out key demands ahead of renewed trade negotiations with China, saying he plans to meet Chinese President Xi Jinping later this month and visit Beijing in 2026.

Speaking at the White House on Monday alongside Australian Prime Minister Anthony Albanese, Trump confirmed he had received an invitation from Beijing and intended to travel there “fairly early next year.” He said he expects to meet Xi at the APEC summit in South Korea to pursue what he described as a “fair and great trade deal.”

Trump’s main concerns include China’s export curbs on rare earth minerals, the flow of fentanyl into the US, stalled soybean imports, and tensions over Taiwan.

Relations between Washington and Beijing have worsened since China tightened rare earth export controls earlier this month. In response, Trump threatened to impose an additional 100% tariff on Chinese goods starting in November. On Monday, he and Albanese announced an agreement to expand US access to critical minerals, part of a broader push to reduce reliance on Chinese supply chains.

“I think when we finish our meetings in South Korea, China and I will have a really fair and really great trade deal together,” Trump said.

He expressed optimism that Beijing would resume buying American soybeans, which have fallen sharply amid tariff disputes. Trump also urged China “to stop with the fentanyl,” accusing Chinese authorities of failing to stem exports of the synthetic opioid and its precursors, which he said have fueled the US opioid crisis.

Addressing Taiwan, Trump downplayed the risk of confrontation, saying, “I think we’ll be just fine… China doesn’t want to do that.”

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