While there are multiple players in the global trade dance, the key to Trump's success or failure is China. And Trump's scheduled meeting with Chinese leader Xi Jinping on the sidelines of Apec – the first since 2019 – could set the course for US-China relations for the rest of Trump's second term in office.

Trump said he wants China’s help in managing relations with Russia as he began a five-day trip to Asia, his first visit to the region since taking office. The tour comes amid trade tensions, the Ukraine war,

Nkarta CEO Paul Hastings recently spoke to the importance of the industry's collaborations with Chinese biopharma companies. Asian biopharmas had a large presence at a major cancer conference over the weekend.