Trump and Xi get ready to meet
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What’s the big story behind the upcoming Trump‑Xi summit?
This is a Squiz Podcast, where your shortcut to being informed.
Good morning, I'm Andrew Williams.
And I'm Anna Paikett.
It's Wednesday the 23rd of September in your Squiz Today. She and Trump are set to meet in Washington, petrol prices are on the rise in Australia, valet to the Australian illustrator Terry Denton, and voting is underway in Fat Bear Week. This is your Squiz Today. There's been a lot of focus on New York in the headlines this week because a bunch of global leaders, including our Prime Minister, are there for the United Nations General Assembly. But there's another big meeting happening this week, and that is between the presidents of the US and China.
Yep, Xi Jinping is skipping the UN and heading straight to Washington for his second face-to-face meeting with Donald Trump this year. And they've got a lot to talk about. I read one piece which described it as the three Ts, which are tech, trade and Taiwan.
How are AI, trade and Taiwan shaping the US‑China talks?
But let's start with artificial intelligence, which has been in the headlines a lot after AI leaders called for a slowdown of the tech's development. Now, China and the US are the front runners when it comes to AI. So this is likely to be a big talking point. And China's vice premier has actually already got the ball rolling. He's met with US Treasury Secretary Scott Besant. That was at the weekend, and they discussed creating a communication channel or a notification mechanism, as Besant put it, for AI concerns.
We'll see what happens at the higher level, though, because someone who doesn't have any AI concerns is President Trump. He proposed overnight renaming it superintelligence rather than artificial intelligence. And he doesn't want to slow anything down, as most frontrunners don't, because he doesn't want to lose any ground to China. So, so far, Beijing has largely stayed quiet about any potential slowdown in AI development, but analysts say that it also has no interest in falling behind the US either.
Why are US‑China tariff levels so high and what’s the truce timeline?
So, we're going to have to see what comes out of that discussion. And to the second of your three Ts, Anna, and that's trade.
Yeah, this will be another big one following last year's tit-for-tat tariff war, which started not long after Trump returned to office. Now, tariffs are taxes imposed by a national government on goods and services imported from other countries. And They got pretty high. At one point, China had a tariff peak of 125% on American goods, and the US had one of 145% on Chinese goods. So that gives you an idea just how high they got.
How is the Iran conflict affecting fuel prices in Australia?
But for nearly a year now, both sides have stuck to a truce, but that's due to expire in November. So they'll need to figure something out there. And to the final T, Xi has also said he's keen to chat about how they can strengthen strategic stability. And this brings us to Taiwan.
He has. The two countries disagree on Taiwan. China sees it as part of its territory, and it wants the U.S.
What’s driving the recent surge in Australian petrol and diesel costs?
to stop selling arms to it. The other issue that they might talk about is that the U.S. is still at war with Iran, which is an economic partner of China. It buys a lot of Iranian oil, so that issue could also come up. Plenty on the dock. It'll be a long agenda for that meeting, potentially. Now, just on Iran, to finish off, we mentioned the U.N.
Why is NSW Premier calling for action on domestic‑violence spikes?
at the And while he was speaking there, he said that Iran could face annihilation, that's his word, without a deal with the US, although he said he believes an agreement would be made after the US midterm elections in November. So still a few months away yet. So, as you can hear, things aren't getting much calmer in that region around Iran and the Middle East, and that's taking a toll on petrol prices here. They're now at the highest they've been in nearly six months' time, Anna.
Yeah, and if you're listening to us in the car right now, this might not be news to you. Drivers are paying more than $2.30 a litre for petrol and over $3 for diesel. Analysts reckon it's because Saudi Arabia's east-west pipeline, which was providing an alternative oil route to the Bloc Strait of Hormuz, has been closed off after it was attacked two weeks ago.
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Chapters
8 chapters
1
What’s the big story behind the upcoming Trump‑Xi summit?
0:00–0:56
2
How are AI, trade and Taiwan shaping the US‑China talks?
0:56–1:52
3
Why are US‑China tariff levels so high and what’s the truce timeline?
1:52–2:23
4
How is the Iran conflict affecting fuel prices in Australia?
2:23–2:45
5
What’s driving the recent surge in Australian petrol and diesel costs?
2:45–3:06
6
Why is NSW Premier calling for action on domestic‑violence spikes?
3:06–4:20
7
Who was Terry Denton and why is his passing news for Aussie kids?
4:20–6:17
8
How does Fat Bear Week work and which bears are leading the vote?
6:17–9:39