Trump and Xi end 'successful' summit with few concrete deals
The two-day Beijing visit ended with choreographed ceremonies but no headline trade breakthrough. President Donald Trump called the talks 'very successful' as Taiwan and tariff files remained unresolved.
Trump's Beijing trip closed with the long-awaited face-to-face meeting with Chinese President Xi Jinping. Both leaders stressed mutual respect at the joint media appearance, but no binding text was released on tariff relief, fentanyl shipments or technology export controls.
Taiwan dominated the agenda. Trump appeared to hint that US arms sales could slow if Beijing eased military pressure on the island; the White House later issued a written statement saying 'no concessions were made'. China continues to frame the Taiwan file as an internal matter not open to negotiation.
Markets reacted cautiously. The Dow Jones closed more than 500 points lower as the visit ended without tariff cuts. Investors are now pivoting to Vladimir Putin's 19-20 May trip to Beijing and to next week's US producer price data for direction.
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