US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Thursday for a high-profile summit focused on trade and relations.
The meeting marks the second encounter between the two leaders this year. It is also Xi’s first visit to Washington in more than a decade.
Xi said China and the United States should remain “partners, not rivals.” He also called for a more stable relationship between the world’s two largest economies.
Trade Deal Tops Summit Agenda
Trump is expected to seek progress on trade as both countries work to extend a temporary truce.
US Treasury Secretary Scott Bessent said Washington and Beijing had agreed to extend the trade arrangement until January 10.
The agreement previously paused a trade conflict that pushed mutual tariffs above 100%.
Further discussions could cover tariffs, agricultural purchases, drug trafficking and military communication.
Trump is also expected to raise the issue of Americans and other foreign nationals detained in China.
Taiwan and AI Remain Major Challenges
Despite the diplomatic ceremony, major disagreements remain between Washington and Beijing.
Taiwan is among the most sensitive issues. China claims the island, while the United States maintains close ties with Taipei.
Xi is expected to discuss US arms sales to Taiwan. The two leaders may also address the war involving Iran and its impact on global energy markets.
Artificial intelligence is another potential area for cooperation. US officials have discussed creating a communication channel with China to reduce the risk of dangerous incidents involving AI and advanced technology.
Leaders Seek Stability Amid Rivalry
Both governments have economic reasons to prevent relations from deteriorating further.
China holds significant influence over global rare earth supplies. Washington, meanwhile, continues to impose restrictions on advanced technology exports to China.
The summit also brings together major US technology executives, including leaders from Apple, Amazon, Alphabet, OpenAI, Tesla and Nvidia.
However, US officials are expected to maintain restrictions on sensitive technologies despite China’s demands for greater access.
The summit is therefore expected to focus on managing competition while seeking limited agreements on trade and other areas.
