Arabic version: ترامب وشي يواجهان اختبارات التجارة والذكاء الاصطناعي وإيران
According to Cnbc, President Donald Trump and Chinese leader Xi Jinping are expected to seek a stronger trade truce when they meet in Washington for their second face-to-face summit this year. Their talks are also set to confront artificial intelligence, tariffs, export controls, rare earths and sanctions connected to the war with Iran.
The trade relationship remains strained despite last year’s agreement in Busan, South Korea. The deal called for China to suspend rare-earth export controls and buy U.S. agricultural products, while the U.S. reduced some tariffs and suspended other retaliation. It is due to expire Nov. 10 unless extended. Treasury Secretary Scott Bessent said some trade-agreement deliverables had not been completely fulfilled by China.
Tariffs remain high on both sides. The Penn Wharton Budget Model put the effective U.S. tariff rate on Chinese products at 22.8% in July, while the Congressional Research Service estimated the average U.S. tariff rate on China at roughly 36.5%, compared with Beijing’s 31% rate on U.S. goods. U.S. goods trade with China fell nearly 30% in 2025, while the U.S. goods trade deficit with China stood at roughly $91.2 billion so far this year.
Analysts at Bank of America Global Research said a one-year extension of the truce was their base case, maintaining tariff conditions and barring new export controls. Bessent said he thought the countries would maintain the truce and described discussions of a reciprocal $30 billion tariff reduction for non-critical goods. He also said U.S. and Chinese officials discussed a dialogue to notify each other about AI incidents and addressed potential Iran-related sanctions.
Claire Reade of the Center for Strategic and International Studies said “a number of inconsistent viewpoints seem to be jostling each other” in U.S. policy toward China. A senior U.S. official said business leaders expected at Thursday’s state dinner include Amazon’s Jeff Bezos, Elon Musk, Google’s Sundar Pichai, Michael Dell and Apple executive board chairman Tim Cook.
