The United States and China agreed to reduce levies on certain products to promote bilateral trade, according to Bloomberg Politics. Said China's Commerce Ministry in a statement: the two sides would lower tariffs on unspecified goods as part of the agreement.
China's commerce ministry formally objected to the European Union's use of its Foreign Subsidies Regulation, the second official rebuke from Beijing in two days, according to Bloomberg Politics. A day earlier, China's justice ministry had characterized EU cross-border probes under the same regulation as "improper extraterritorial jurisdiction."
China's Ministry of Justice declared the European Union's foreign subsidies investigation into security-screening firm Nuctech Co. an improper exercise of extraterritorial jurisdiction and ordered Chinese parties not to comply with the measures, according to Bloomberg Politics. The ministry's directive marks one of the first formal Chinese government orders barring domestic firms from cooperating with the EU's Foreign Subsidies Regulation, a tool Brussels has increasingly deployed against state-backed competitors.
President Trump concluded a two-day visit to China with an agreement to stabilize trade relations between the two countries, according to Bloomberg. Said President Xi Jinping: "The two nations agreed to stabilize trade relations," marking what he called a landmark summit.
Secretary of State Marco Rubio told NBC News that U.S. policy on Taiwan remains consistent following President Trump's summit with Chinese President Xi Jinping in Beijing, according to NBC News. Said Rubio: "Anything that would compel or force a change in what we have now would be problematic and that we would certainly, our policies on that have not changed. It's been pretty consistent across multiple presidential administrations." Rubio also said China agreed to purchase American agricultural goods and Boeing aircraft, with full details to be announced by the U.S. Trade Representative.
China renewed import licenses for hundreds of U.S. beef processing plants, restoring trade in the meat as President Trump and President Xi meet in Beijing, according to Bloomberg. Said Sen. Steve Daines (R-MT): he joined Bloomberg's Balance of Power to discuss the development, with the permits understood to carry a standard five-year validity.
Chinese President Xi Jinping told a delegation of fifteen U.S. chief executives traveling with President Trump that China will open further to American business, according to CBS News. President Trump separately announced that China agreed to purchase 200 Boeing 737 Max jets, up from an earlier deal for 50 aircraft. Said Moody's Analytics chief economist Mark Zandi: "I don't think there is a very high bar here for success. They just have to come away thinking they now have a channel to communicate quickly and they can trust each other."
China's scale as an oil buyer gives Beijing significant capacity to absorb trade disruptions and blunt the economic pressure of U.S. tariffs, according to RealClearPolitics.
American agricultural producers are pressing for concrete relief from retaliatory Chinese tariffs as President Trump meets with Chinese President Xi Jinping for trade negotiations, according to The Hill. U.S. farmers have faced direct exposure to the tariff war through lost Chinese export markets, making this round of talks among the highest-stakes diplomatic meetings for the farm economy in years.
President Trump praised Chinese President Xi Jinping and emphasized their personal relationship during the opening session of a two-day summit, as both governments worked to stabilize ties strained by disagreements over Iran, trade, and broader competition for global influence, according to the Washington Post.
President Trump described the U.S.-China relationship as "fantastic" during bilateral talks with President Xi Jinping in Beijing, according to NBC News. Said Trump: "It would be totally reciprocal" — his characterization of the trade framework under discussion at the summit.
A new analysis contends that Xi Jinping's domestic consolidation signals underlying political weakness that the Trump administration could exploit in trade and diplomatic negotiations, according to RealClearPolitics. The piece argues Xi's inward-facing moves reflect insecurity rather than strength, a dynamic it says Washington has room to press.
Former U.S. Ambassador to China Gary Locke described President Trump's upcoming trip to China as focused on deal-making rather than strategic alignment, according to Bloomberg. Said Locke: "It will be a trip of transactions" — adding that Nvidia CEO Jensen Huang's inclusion in the delegation signals semiconductor access will be among the items on the table.
The White House is inviting Elon Musk, Tim Cook, and Boeing CEO Kelly Ortberg to accompany President Trump on his upcoming trip to China, according to RealClearPolitics. The delegation also includes executives from other large companies, according to a White House official.
Senior U.S. and Chinese officials met in Beijing for direct talks covering trade and technology policy, according to RealClearPolitics. The meeting marks one of the higher-level bilateral engagements between the two governments in the current period of elevated economic tensions, with AI governance and tariff structures among the issues on the table.
President Trump and Chinese President Xi Jinping will meet Thursday in Beijing to discuss trade and the war in Iran, according to Bloomberg Politics. The White House confirmed the summit, which marks the first direct meeting between the two leaders since the administration escalated tariff pressure on Chinese imports.
Investors are tracking U.S.-China negotiations for signals that trade tensions are easing, with Chinese market performance closely tied to the diplomatic outcome, according to Bloomberg Politics. Geopolitical and tariff concerns have weighed on Chinese equities, and market participants say further concessions or agreements between the two governments would be needed to lift that pressure.