The two leaders will meet in Peru, where China has steadily expanded its influence in a challenge to the United States in its own region.

White House national security adviser Jake Sullivan called competition with China a top concern as President Biden hands the reins to President-elect Trump. He said the meeting takes place during a “critical moment between the US and China” and will “ensure that we don’t run into any problems in the next two months in this transition of power.”

Chinese President Xi Jinping warned against any efforts to unwind globalization in his first major remarks since Donald Trump won the US presidential election after threatening to impose tariffs as high as 60% on the world’s second-biggest economy.