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Trump, Xi Begin High-Level Economic Talks in Beijing

President Donald Trump met with Chinese leader Xi Jinping in Beijing Thursday, launching discussions expected to address trade, Iran, and Taiwan. Trump arrived Wednesday evening and was received by Vice President Han Zheng, a military band, and flag-waving crowds at the airport. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held preparatory talks Wednesday in Seoul focused on economic and trade matters, which Beijing characterized as constructive and in-depth. Trump traveled with a delegation including prominent business executives Elon Musk and Jensen Huang. Friday's agenda includes a bilateral tea and working lunch between the two leaders. Analysts expect limited concrete outcomes given deep structural competition and mistrust between the superpowers. However, some traders anticipate a tariff truce extension and potential Boeing aircraft purchases.