US and China leaders emphasize trade cooperation and avoiding conflict in initial remarks at high-stakes economic talks.
US President Donald Trump and Chinese President Xi Jinping opened their Beijing summit with remarks stressing trade ties and global stability. Xi highlighted the need to avoid the “Thucydides Trap,” a historical reference to conflict between rising and established powers, while Trump praised their “fantastic relationship” and underscored trade as a priority for his delegation of business leaders.
The meeting follows months of escalating trade tensions and tariffs between the world’s two largest economies. Analysts expect potential agreements on market access or joint initiatives, though no concrete deals have been announced yet. Both leaders framed the summit as an opportunity to stabilize bilateral relations amid broader geopolitical uncertainties.
Markets remain cautious as investors await details on trade negotiations, with any progress likely to ease concerns over supply chain disruptions and tariff impacts.