Trump and Xi hold talks but no trade deal agreed
Summary
President Donald Trump and Chinese President Xi Jinping met in Beijing for talks lasting over two hours but did not reach a major new trade deal. They agreed to continue a trade truce from October and set up a new Board of Trade to manage their economic relationship.Key Facts
- The meeting in Beijing lasted more than two hours between Presidents Trump and Xi.
- No new big trade agreement was signed during the visit.
- They agreed to keep the October trade truce, which paused tariff increases and eased some export restrictions.
- A "Board of Trade" will be created to oversee future US-China trade relations.
- Business leaders like Elon Musk (Tesla) and Jensen Huang (Nvidia) were present, highlighting technology topics like electric vehicles, AI, and semiconductors.
- China promised to increase purchases of US energy and agricultural products, but no specific deals were announced.
- President Xi warned about the risk of conflict over Taiwan if relations are mishandled.
- The talks included discussions on expanding market access for US companies in China and increasing Chinese investment in the US.
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