Breaking
Trump-Xi Summit Seen Unlikely to Yield Major Economic Deal; Trade Truce, AI and Rare Earths in Focus
Minseung Kang
Summary
- It said the chances of a major economic agreement emerging from a summit between U.S. President Donald Trump and Chinese President Xi Jinping are low.
- It said expectations for major business contracts and an economic deal are fading as Xi is unlikely to bring a delegation of chief executives (CEOs) from Chinese companies on his Washington visit.
- The two leaders are expected to focus on extending the trade truce, as well as artificial intelligence (AI), rare earths, and potential progress on tariffs.
A summit between U.S. President Donald Trump and Chinese President Xi Jinping is not expected to produce a major economic agreement.
Citing Walter Bloomberg on September 22, The Wall Street Journal reported that Xi is unlikely to be accompanied by a delegation of chief executives from Chinese companies during his Washington visit this week. That is dampening expectations for major business contracts and a broader economic deal.
The two leaders are poised to discuss an extension of their trade truce, as well as artificial intelligence and rare earths. Some progress on tariffs is also possible.
The visit would be Xi's first trip to Washington in 11 years.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.