Trump's China Visit to Test Fragile Trade Truce With Beijing
US President Donald Trump heads to Beijing for talks with Chinese counterpart Xi Jinping. The BBC describes the trip as a test of the limited trade truce struck last year. Tariffs, advanced-technology export controls and the Iran conflict are expected to dominate the agenda.
US President Donald Trump landed in Beijing for talks with Chinese counterpart Xi Jinping. The BBC described the trip as a test of the limited trade truce that the two sides struck last year. Tariffs, advanced-technology export controls and access to rare-earth elements are among the lead items on the agenda.
Geopolitical files are expected to feature heavily in the second half of the meetings. Officials briefed reporters that Trump will raise the possibility of Beijing helping to mediate an end to the Iran conflict. Arms sales to Taiwan and military activity in the South China Sea are also on the table for discussion.
Markets are watching the summit signals closely. The yuan touched a three-year high against the dollar, and China's April export figures came in above expectations. Wall Street analysts say the joint communique could shape global trade flows and commodity prices for several quarters. Goldman Sachs added that the dollar looks overvalued and could ease after the meetings.
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