Trump calls Xi’s Washington visit ‘exciting’, but claims US leads China in AI race
US President Donald Trump claimed on Wednesday that the US held a significant lead over China in artificial intelligence, touted what he termed unprecedented levels of inbound US investment and said he was thrilled about Chinese President Xi Jinping’s visit to Washington later this month. The president’s bravado comes as inflation and oil prices rise, his war of choice with Iran drags on and his…
On Wednesday, US President Donald Trump expressed enthusiasm for Chinese President Xi Jinping's upcoming visit to Washington, stating that the United States currently leads China in artificial intelligence (AI). Trump claimed that the US had attracted over US$20 trillion in investment, a figure he described as unprecedented, despite analysts' skepticism about the veracity of such claims.
Amidst rising inflation, surging oil prices, and ongoing tensions with Iran, Trump appeared confident as he prepared for Xi's arrival on the 24th of the month. The meeting, while promising to be "very exciting," analysts suggest may not yield significant concrete outcomes or structural reforms. Meanwhile, Treasury Secretary Scott Bessent harshly criticized China for not signing a joint communique during the G20 Finance Ministers meeting in North Carolina, accusing the country of unsustainable practices with its cheap exports.
Trump also touted his administration's success in attracting foreign investment, though some of the claimed figures were questioned. The president highlighted Canada as a tougher negotiation partner than China, comparing them unfavorably, and praised AI-driven modernization initiatives for the US air traffic control system. However, analysts remain cautious about the prospects of achieving meaningful results during the summit, similar to previous encounters between Trump and Xi.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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