A tentative contract deal does not mean a slam dunk yes from union members.

I'm David Brancaccio in New York.

President Joe Biden and China's leader Xi Jin Ping have agreed to meet this week one-on-one while both are at the Asia-Pacific

Economic Cooperation Summit happening now in San Francisco.

It's their first meeting in nearly a year.

Summitiers represent countries that account for nearly half of global

trade, Marketplace's Nova-Safo reports.

For much of the year, as the Biden administration has sought to thought trade relations with China, the message from senior officials has been consistent.

Commerce Secretary Gina Raimundo.

It's competition, like any intense competition, you have to cooperate where it's in your interest?

Treasury Secretary Janet Yellen.

There is an important distinction between decoupling and diversifying critical supply chains.

Secretary of State Antony Blinking. diversifying critical supply chains,

Secretary of State Antony Blinkin.

Derisk, not decouple.

So what does all of that mean in the context of this week's

meeting between President Biden and China's

Xi Jinping? The White House is tamping down expectations. between President Biden and China's Shijing Ping.

The White House is tamping down expectations amid a continuing tariff war

and continuing protests from China

over US export bans on advanced computer chip technologies.

Apex leaders, though, will be looking for any sign of improving relations

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