US, China buy time with trade truce as pressure builds
By Beiyi Seow Washington and Beijing may have bought themselves breathing space with an extended trade truce, but analysts warn that time is running out for the world’s two biggest economies to resolve their strategic rivalry. President Donald Trump and Chinese counterpart Xi Jinping concluded a pomp-filled summit Friday, with the US leader confirming they […]
The United States and China have reached a trade truce, extending an agreement that was originally set to expire in November. This deal was reached during a state visit to the US by Chinese President Xi Jinping, who met with President Donald Trump for two more summits this year. While both leaders aim to maintain stability in their relationship, analysts warn that time is running out for them to resolve their strategic rivalry.
The truce includes commitments from China to buy more US soybeans and other agriculture products, as well as a suspension of rare earths restrictions for a year. However, US officials express frustration with Beijing's adherence to the initial commitments. US Treasury Secretary Scott Bessent stated that the extension is seen as a "compliance period," with China only doing "barely enough to maintain the agreement."
Both sides agree to establish a notification system for artificial intelligence threats, but experts doubt it will lead to a comprehensive international AI regulation. The summit did not significantly curb the competitive instincts of both nations regarding AI.
Written by urgent.news from Hong Kong Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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