Trump and Xi discuss trade truce as Taiwan and technology tensions persist

Trump and Xi discuss trade

US President Donald Trump and Chinese President Xi Jinping are holding talks in Washington, with the future of a trade truce at the center of their discussions.

The agreement is due to expire on November 10. Treasury Secretary Scott Bessent has reportedly said the two leaders agreed to extend it for two months, until January 10, 2027, giving negotiators more time to work toward a longer-term deal. The reported extension has not yet been independently confirmed. Ahead of the meeting, maintaining the truce was widely seen as a principal goal for both sides.

Taiwan, advanced technology and the war involving Iran are also on the agenda. Beijing opposes US arms sales to Taiwan, while Washington’s restrictions on advanced chips remain a major source of friction. The Trump administration is also seeking China’s help in addressing the Iran conflict, though Beijing has resisted pressure to cut its economic ties with Tehran. ft.com

Artificial intelligence is another focus of the visit. The two countries are competing to develop the technology while discussing ways to manage its risks. Trump said before Xi’s arrival that they would raise AI in their talks, following discussions during Trump’s visit to China earlier this year.

The White House visit includes a state dinner expected to bring together senior business leaders. Tesla’s Elon Musk, Amazon’s Jeff Bezos, Alphabet’s Sundar Pichai and Nvidia’s Jensen Huang are among those reported to be on the guest list. Their presence underscores how closely the diplomatic talks are tied to trade, technology and access to the Chinese market.

 

 

 

Source: Omanghana


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