The opening bilateral session of the two-day summit between US President Donald Trump and Chinese President Xi Jinping ended in Beijing on Thursday after around two hours of closed-door talks, with no major announcements, Chinese state media reported.
In his opening remarks, Xi told Trump that “China and the United States both stand to gain from cooperation and lose from confrontation,” while Trump praised the leaders’ “fantastic relationship,” described Xi as a great leader, and predicted ties “will be better than ever before.”
Trade: Cautious Progress, No Deal Yet
The White House, meanwhile, has signaled that announcements could follow on potential Chinese purchases of US soybeans, beef, and aircraft, alongside the creation of a “Board of Trade” to manage commercial disputes. Still, neither side unveiled concrete deliverables by the close of Thursday’s session.
The US-Israeli war on Iran —the issue that delayed the summit by six weeks from its original March date— remained absent from both leaders’ opening remarks. Xi made no public reference to the conflict, while Trump also avoided the issue even as the closure of the Strait of Hormuz, through which around 25% of the world’s oil passes, continues driving global energy prices to record highs.
Read more: Force without a finish line: Iran is losing the war, the US is losing the endgame
Trump traveled with an unusually large business delegation that included Tesla CEO Elon Musk, Apple CEO Tim Cook, Nvidia’s Jensen Huang, Boeing’s Kelly Ortberg, and Goldman Sachs’ David Solomon. Xi met the executives separately, telling them that “China’s door of opening up will only open wider and wider… US companies will have even broader prospects in China,” according to Xinhua.
Day Two Still Ahead
Trump’s approval ratings have suffered amid the Iran war, while US courts have curtailed his ability to impose tariffs unilaterally, narrowing the leverage he carried into Busan six months ago.
Ali Wyne, senior adviser at the International Crisis Group, noted that during Trump’s previous Beijing visit in 2017, China welcomed him with billions of dollars in purchase agreements. “This time around it’s the United States, unprompted, of its own volition, that is acknowledging” China’s equal status, Wyne compared, pointing to Trump’s renewed use of the “G2” framing.
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