Trump and Xi Dialed Down the Trade War, but Challenges Lurk at Their China Summit
The summit begins with both sides seeking to ease tariffs, technology disputes and Iran-related tensions, while expectations for a breakthrough remain modest.
- On Wednesday, President Donald Trump arrived in Beijing for a summit with Chinese President Xi Jinping, marking the first visit by a U.S. president to China in nearly nine years.
- Leaders of the world's two largest economies aim to stabilize ties strained by trade, the war in Iran, and disagreements over Taiwan and artificial intelligence.
- Trump brought a delegation including Tesla CEO Elon Musk and Apple CEO Tim Cook to advance the 'Five B's': Boeing, Beef, Beans, Board of Trade, and Board of Investment.
- Beijing intends to focus on the 'Three T's'—tariffs, technology, and Taiwan—while utilizing 'regulatory weapons,' including defying U.S. sanctions on Iranian oil, to counter Washington's demands.
- Both nations are preparing for prolonged geopolitical rivalry, with neither side expecting a sweeping agreement as China increasingly views the relationship through the lens of long-term strategic competition.
62 Articles
62 Articles
A year ago, U.S. President Donald Trump launched exorbitant commercial tariffs on products exported from China to the U.S., predicting that they would be necessary and sufficient to put his main economic rival in trouble. Apparently, all of this failed: tariffs dropped substantially after Washington realized that it had more to lose than to win, Taiwan's rhetoric gave way to realpolitik and Chinese exports to the rest of the increase.
The Republican's visit takes place while a fragile commercial truce is still in place, but open fronts, such as tariffs,...
President Donald Trump says that the US is increasingly benefiting from trade with China, largely minimizing tensions related to rare earths, tariffs and emerging technologies such as artificial intelligence, which could break the relationship between the two world's largest economies. Donald Trump goes on Tuesday [...]
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