President Donald Trump said he had made “fantastic trade deals” with China’s Xi Jinping, as the pair met on Friday at final talks of a superpower summit that according to the US leader has also reaped a Chinese offer to help open the Strait of Hormuz.
Trump had arrived in Beijing seeking to seal deals in sectors including agriculture, aviation and artificial intelligence, as well as to contain differences between the two sides in a number of tense geostrategic areas — not least the Middle East war.
Trump’s overtures to Xi, whom he described as a “great leader” and “friend”, have so far been met with more muted tones by the Chinese leader.
But the US leader said “a lot of good” has come out of the visit.
“We’ve made some fantastic trade deals, great for both countries,” he said after a walk with Xi among the rosebushes in the gardens of Zhongnanhai, a central leadership compound next to Beijing’s Forbidden City.
“We’ve settled a lot of different problems that other people wouldn’t have been able to solve,” he added, without providing details.
Xi said it was a “milestone visit”, and that the two sides had to date established “a new bilateral relationship, which is a relationship of constructive strategic stability”.
He promised to send Trump seeds for the White House Rose Garden.
In an interview with Fox News after the first day of the summit wrapped, Trump said Xi had agreed to several US wishlist points.
On the topic of the war in Iran, the US president said Xi had effectively assured his counterpart that China was not preparing to militarily aid Tehran, which has essentially closed the Strait of Hormuz.
“He said he’s not going to give military equipment… he said that strongly,” Trump told Fox.
“He’d like to see the Hormuz Strait open, and said ‘if I can be of any help whatsoever, I would like to help,'” Trump added.
Asked whether the two leaders had discussed Iran, the Chinese foreign ministry on Friday released a statement calling for “a comprehensive and lasting ceasefire”.
“Shipping lanes should be reopened as soon as possible in response to the calls of the international community,” it added.
The warm handshakes and pomp on Thursday were somewhat overshadowed by a blunt warning from Xi on a much longer standing geopolitical flashpoint, Taiwan.
Shortly after talks started, Chinese state media reported Xi had told Trump that missteps on the sensitive issue of Taiwan could push their two countries into “conflict”.
The Fox News interview did not touch upon Taiwan, and Trump did not comment to reporters when asked about the matter on Thursday.
US Treasury Secretary Scott Bessent told CNBC the president would say more “in the coming days”.
Secretary of State Marco Rubio told NBC on Thursday though that “US policy on the issue of Taiwan is unchanged… as of the meeting”.
Beijing had raised the topic, he said, but “we always make clear our position, and we move on to the other topics”.
Taipei responded Friday thanking Washington “for repeatedly expressing its support”.
Trump did not spell out on Friday the trade agreements that he said had been sealed with China.
However, in the Fox interview, Trump said one big business deal struck involved Xi agreeing to purchase “200 big” Boeing jets.
Shares of the US aviation giant fell after Trump’s comments, in a sign the market had expected a more robust purchase from China.
The US president also said Beijing had also voiced interest in buying US oil and soybeans.
China, which is the key foreign customer of Iranian oil, bought small amounts of US oil before Trump imposed tariffs last year.
It has sharply slowed down purchases of US soybeans, turning instead to Brazil.
Bessent told CNBC that Trump and Xi were talking about setting up “guardrails” for the use of artificial intelligence.
Bessent said the world’s “two AI superpowers are going to start talking”, though US export controls on the advanced technology to China remain a sore point in relations.
Delegations from China and the United States met for trade talks in South Korea, Chinese state media reported Wednesday, hours before US President Donald Trump is due to arrive in Beijing.
The talks were taking place at Incheon International Airport, near Seoul, Xinhua news agency said, without providing further details.
US Treasury Secretary Scott Bessent had said he would be meeting Chinese Vice Premier He Lifeng, both of whom have led previous rounds of negotiations.
The officials are likely to put the finishing touches on any announcements made during Trump’s summit with Chinese leader Xi Jinping.
See also: Trump brushes aside Taiwan concerns ahead of meeting with Xi
Washington and Beijing last year slapped tit-for-tat tariffs on each other’s exports, with levies exceeding 100 percent.
Trump and Xi agreed on a year-long trade truce at their October meeting in South Korea.
“Economic security is national security,” Bessent said as he announced his South Korea trip on social media.
Bessent will then travel to Beijing for the Trump-Xi summit, he added.
More than a dozen business executives including Nvidia CEO Jensen Huang and Tesla boss Elon Musk are also travelling to China with Trump.
President Donald Trump said Monday he was ready to discuss US arms sales to Taiwan during his visit this week to Beijing, as he suggested his personal chemistry with counterpart Xi Jinping would prevent a Chinese invasion of the island.
The White House said Trump will bring along top US executives including his former nemesis Elon Musk and Apple’s Tim Cook for a trip expected to focus heavily on the US president’s hopes to ramp up trade.
China said it hoped to achieve greater stability between the world’s two largest economies during the visit lasting Wednesday through Friday, the first by a US president since Trump went in 2017.
Asked if the United States should keep selling weapons to Taiwan, a key irritant for Beijing, Trump did not answer directly but said: “I’m going to have that discussion with President Xi.”
“President Xi would like us not to, and I’ll have that discussion. That’s one of the many things I’ll be talking about,” he said, speaking to reporters in the Oval Office.
Trump, after referencing Russia’s invasion of Ukraine, said of Taiwan, “I don’t think it’ll happen.”
“I think we’ll be fine. I have a very good relationship with President Xi. He knows I don’t want that to happen,” he said.
But Trump also noted that the United States was “very, very far away” compared with China.
When asked for a response to Trump’s remarks, Taiwan’s foreign ministry vowed to “continue to strengthen cooperation” with the United States, the island’s main security backer, and “build effective deterrence capabilities in order to jointly maintain peace and stability in the Taiwan Strait.”
The United States recognizes only Beijing but under domestic law is required to provide weapons for the defense of Taiwan, a self-governing democracy which China considers its own.
Under the 1982 “Six Assurances,” a key foundation of US policy on Taiwan after the switch of recognition, the United States said it would not “consult” with Beijing about arms sales to the island.
Trump has long berated allies as not spending enough on their own defense. Days ahead of his trip to China, Taiwan’s parliament Friday approved a US$25 billion defense spending bill, although it fell short of the government’s proposal.
Pointing to the vote by parliament, a group of US senators led by Jeanne Shaheen, the top Democrat on the Senate Foreign Relations Committee, said that Trump should immediately green-light a US$14 billion arms package to Taiwan.
“We urge you and your team to make clear that America’s support for Taiwan is inviolable,” wrote the senators, mostly Democrats but including two centrists from Trump’s Republican Party.
While discussing economic concerns, Trump should also state that “American support for Taiwan is not up for negotiation,” they wrote.
Trump delayed the trip once due to the war he launched with Israel against Iran, which is still rebuffing his appeals for an agreement.
China is the main international customer for Iran’s oil, which Trump has tried to stop all countries from buying through unilateral US sanctions.
Israeli Prime Minister Benjamin Netanyahu, in an interview Sunday with CBS News’ “60 Minutes,” said he was unhappy that Beijing had shared missile technology with Iran.
Trump’s Treasury Department on Monday issued sanctions against 12 individuals and entities it said facilitated the sale and shipment of Iranian oil to China.
The sanctions came even as Treasury Secretary Scott Bessent prepared to set up Trump’s visit during talks with Chinese Vice Premier He Lifeng in Seoul on Wednesday.
Bessent and He have been the chief negotiators for the United States and China on all trade and economic issues.
In Beijing on Monday, foreign ministry spokesman Guo Jiakun said that top-level diplomacy was “irreplaceable” between the two countries.
“China is willing to work with the United States in the spirit of equality, respect, and mutual benefit, to expand cooperation, manage differences, and inject more stability and certainty into a volatile and intertwined world,” he told a briefing.
Asked about US pressure on Iran, Guo said only that China’s position on Iran was “consistent” and that Beijing would continue to play a “positive role” in promoting a ceasefire and peace talks.
Trump and Xi last met face-to-face in October on the sidelines of a regional summit in South Korea.
They agreed then to a one-year truce in a blistering trade war that saw tariffs on many goods exceed 100 percent.
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