world-economy

Trump, Xi Signal Reset on Trade and Tech at Beijing Summit

President Donald Trump and Chinese leader Xi Jinping held a two-day summit in Beijing focused on recalibrating US-China relations. The leaders discussed guardrails governing artificial intelligence development and semiconductor exports across multiple sectors. Trade frameworks for Boeing aircraft, soybeans, and advanced semiconductors emerged as focal points. Both presidents signaled a relationship reset, though Xi Jinping underscored Taiwan's status as the most critical issue in bilateral relations. The summit followed a joint US-China drug trafficking operation, demonstrating cooperation on law enforcement matters. South Korean President Lee Jae Myung subsequently engaged with Trump to discuss the summit outcomes and opportunities for strengthened trilateral cooperation amid the shifting geopolitical environment.