WASHINGTON (AP) — Presidents Donald Trump and
US and China seek to stabilize trade ahead of summit in Beijing
- Presidents Donald Trump and Xi Jinping are meeting in Beijing to stabilize U.S.-China economic ties after a 2025 tariff war that halved bilateral trade as a share of total U.S. commerce.
- Chad Bown of the Peterson Institute for International Economics reports that U.S. tariffs on China remain near 48%, down from previous triple-digit peaks.
- U.S. goods imports from Vietnam and Thailand surged by 42% and 44% respectively in 2025 as Chinese firms relocated production to avoid U.S. taxes.
- Chinese exports to the United States fell as Beijing retaliated with rare-earth mineral restrictions and suspended purchases of American soybeans.
- Former Commerce Secretary Wilbur Ross said the two nations must establish rules of coexistence because complete economic independence remains a fiction.
Storylines
Machine-readable details
Article metadata
- Published
- Topic tags
- international trade, international relations, economy
- Storylines
- us-china-competition
- Primary entities
- Donald Trump, Xi Jinping, Chinese manufacturers, U.S. exporters
- Themes
- international trade, tariffs, supply chain diversification, diplomacy
- Framework version
- 1.3.0
- Generated
- Consensus floor
- v0.3.0
- Mindspec
- v0.3.0