Trump and Xi Summit Produces No Major Trade Deal - News Today
The leaders agreed to lower tariffs on $60 billion in goods, but analysts said the meeting left major disputes and mutual suspicions unresolved.
- Last week, President Donald Trump and Chinese President Xi Jinping held a Washington summit, reaching consensus to lower tariffs on a $60 billion batch of non-sensitive goods, though no timeline for adoption was set.
- President Donald Trump broke protocol to greet Xi at the airport, marking the first time a US president has done so for a world leader in 11 years, signaling his effort to strengthen their personal relationship.
- Proposed tariff cuts on agricultural goods like corn and dairy were announced on Monday, but analysts noted that soybeans, one of the US largest exports, did not feature on China's list.
- Shortly after Xi's departure, Chinese Vice President Han Zheng pushed back against the US on Iran and its threats against Cuba at a UN General Assembly meeting in New York.
- A deadline for a broader trade accord was pushed into next year, with analysts suggesting Xi is in no rush to make concessions; China's dominance in rare earths provides leverage despite the summit.
14 Articles
14 Articles
Trump and Xi's 'stalemate' summit was a glitzy gift to China
The Economic Times
Times of IndiaDonald Trump and Xi Jinping's 'stalemate' summit was a glitzy gift to China
US President Trump's recent meeting with Xi Jinping aimed to strengthen their personal relationship, but limited progress was achieved. Both leaders agreed on lowering tariffs on certain goods, with no specific timeline provided for implementation. The absence of a Chinese CEO delegation highlighted ongoing investment challenges amid mutual suspicions. China's trade has thrived despite US tariff threats, giving it leverage in negotiations.
No structural breakthroughs nor fundamental solutions, but a three-day meeting that – at least in the short term – significantly limits the risk of escalation between the two countries. In a nutshell, this may be the synthesis of the meeting between Trump and Xi, but don't despair if you harbored high(er) expectations. The next one takes place in November, ... Read more The post <i class="fa fa-lock" aria-hidden="true"></i> DIPLOMATIC SUITCASE. …
Trump and Xi summit produces no major trade deal - News Today
The recent summit between US President Donald Trump and Chinese President Xi Jinping produced an understanding on possible tariff reductions covering about $60 billion worth of non-sensitive goods, but the The post Trump and Xi summit produces no major trade deal appeared first on News Today | First with the news.
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