world-economy

Trump, Xi Signal Reset After Beijing Summit, But Trade Gaps Remain

President Donald Trump concluded a two-day summit in Beijing with Chinese leader Xi Jinping. The meeting established a diplomatic reset between the world's two largest economies. Discussions addressed trade frameworks spanning Boeing aircraft, soybeans, and semiconductor supplies, while also touching on the Iran conflict and rare earth materials sourcing. Despite the positive tone, significant obstacles persisted on core issues. Xi Jinping reiterated that Taiwan remains the most critical point of contention in US-China relations. The summit produced limited concrete agreements on major trade disputes that have strained bilateral relations. Both leaders indicated willingness to engage further, though substantive progress on tariffs and technology restrictions remained elusive. The meeting marked Trump's first China visit in a decade.