❕ Trump and Xi Jinping have officially begun talks
Main points and signals from the meeting so far:
• Xi Jinping called Taiwan the “most sensitive issue” in US–China relations and warned that mishandling it could lead to serious confrontation.
• Donald Trump said ties between Washington and Beijing could become “better than ever before.”
• According to Reuters, both sides are discussing tariff reductions worth roughly $30B from each side.
• China is pushing for softer US restrictions on advanced semiconductors and chipmaking equipment exports.
• The US wants broader access to the Chinese market for American companies.
• Key topics on the table include trade, tariffs, Taiwan, Iran, and technology export controls.
• Marco Rubio stated that Washington wants Beijing to play a bigger role in preventing escalation around Iran.
• The US is also hoping to expand exports of Boeing aircraft, energy resources, and agricultural products to China.
• Xi said the world needs stable US–China relations and that the two countries should act as “partners rather than rivals.”
• Elon Musk reacted to the first round of negotiations by calling the meeting “excellent.”
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