Overview
- President Donald Trump wrapped a three-day state visit to Beijing on Friday in what both leaders called a successful round of talks, yet neither side announced deals on the toughest issues.
- China’s foreign minister said Xi Jinping will make a state visit to the United States in the autumn, and both governments pointed to new trade and investment councils to carry negotiations forward.
- Trump touted prospective Chinese purchases of soybeans, Boeing jets and beef, but Chinese readouts did not confirm those claims and said details remain under negotiation.
- Security tensions remained unresolved as Xi warned mishandling Taiwan could lead to clashes, Trump said he does not want a war and left future U.S. arms sales to Taipei open, and the White House said both leaders backed keeping the Strait of Hormuz open to oil traffic.
- Markets reflected the thin deliverables as major Chinese indexes fell more than 1 percent, even as a high-profile U.S. CEO delegation underscored how many American firms still rely on China for sales and supply chains.