SINGAPORE – When U.S. President Donald Trump and China's Xi Jinping meet in Beijing on Thursday, they and their teams will seal outcomes on potentially a huge range of issues.

The agenda spans trade, technology, rare earth export controls, Taiwan, the Iran war, and artificial intelligence. China's decision to suspend exports of a wide range of rare earths and related magnets, and its ban on semiconductors from Nexperia China, upended supply chains central to global automakers, with political and economic consequences across Europe, Japan, and South Korea.