business ๐ค Trump-Xi summit aims to stabilize ties, not seal deals
President Donald Trump is hosting Chinese President Xi Jinping for a high-profile summit focused on re-establishing trust between the two nations. This meeting follows ongoing trade tensions dating back to Trump's first term and subsequent tariffs. Current US tariffs average 36.5 percent, while China's retaliatory tariffs on US goods are around 31 percent. The agenda includes AI safety and Iran, aiming to continue a truce established in Busan. The best-case scenario involves trade liberalization and faster critical mineral flows.