President Trump Participates in a Bilateral Meeting with the President of China
President Trump's Historic China Summit dominated the week as he held high-level bilateral talks with Chinese President Xi Jinping, delivering one of the most consequential diplomatic breakthroughs in recent memory. China agreed to purchase 200 Boeing jets — with the order potentially rising to 750 aircraft — a massive win for American manufacturing and workers. The two leaders also reached agreement that Iran must not control the Strait of Hormuz, reflecting a shared commitment to global security. Treasury Secretary Bessent announced the two nations are now discussing a joint Board of Investment, and President Trump capped the summit by personally inviting President Xi to visit the White House later this year.
CONTRIBUTING TO PEACE AND PROSPERITY: This
week, during the first visit of a U.S. President to the People’s Republic of
China since 2017, President Donald J. Trump reached consensus with President Xi
Jinping on several issues that will enhance stability and confidence for
businesses and consumers around the world.
President
Trump and President Xi agreed that the United States and China should
build a constructive relationship of strategic stability on the basis of
fairness and reciprocity. President Trump will welcome President Xi for a
visit to Washington this fall. The two countries will support each other
as the respective hosts of the G20 and APEC Summits later this year.
Both
leaders agreed Iran cannot have a nuclear weapon, called to reopen the
Strait of Hormuz, and agreed that no country or organization can be
allowed to charge tolls.
President
Trump and President Xi confirmed their shared goal to denuclearize North
Korea.
ESTABLISHING U.S.-CHINA BOARDS OF TRADE AND
INVESTMENT: As the cornerstone of this historic
agreement, President Trump and President Xi chartered two new institutions to
optimize the bilateral economic relationship: the U.S.-China Board of Trade and
the U.S.-China Board of Investment.
The
Board of Trade will allow the United States Government and the Government
of China to manage bilateral trade across non-sensitive goods.
The
Board of Investment will provide a government-to-government forum for
discussing investment-related issues.
DELIVERING FOR AMERICAN WORKERS, FARMERS, AND
INDUSTRY: President Trump negotiated a sweeping package
of commitments that will drive high-paying American jobs and open new markets
for U.S. goods.
China
will address U.S. concerns regarding supply chain shortages related to
rare earths and other critical minerals, including yttrium, scandium,
neodymium, and indium. China will also address U.S. concerns regarding
prohibitions or restrictions on the sale of rare earth production and
processing equipment and technologies.
China
approved an initial purchase of 200 American-made Boeing aircraft for
Chinese airlines. This tranche of aircraft – China’s first commitment to
purchase American-made Boeing aircraft since 2017 – will drive
high-paying, high-skilled U.S. manufacturing jobs and enable the Chinese
people to fly on American-made planes for decades to come.
China
will purchase at least $17 billion per year of U.S. agricultural products
in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase
commitments that it made in October 2025.
China
restored market access for U.S. beef by renewing expired listings of more
than 400 U.S. beef facilities and adding new listings. China will
work with U.S. regulators to lift all suspensions of U.S. beef facilities.
China
resumed imports of poultry from U.S. states determined by the USDA to be
free of highly pathogenic avian influenza.
President Trump's Historic China Summit dominated the week as he held high-level bilateral talks with Chinese President Xi Jinping, delivering one of the most consequential diplomatic breakthroughs in recent memory. China agreed to purchase 200 Boeing jets — with the order potentially rising to 750 aircraft — a massive win for American manufacturing and workers. The two leaders also reached agreement that Iran must not control the Strait of Hormuz, reflecting a shared commitment to global security. Treasury Secretary Bessent announced the two nations are now discussing a joint Board of Investment, and President Trump capped the summit by personally inviting President Xi to visit the White House later this year.
Chinese President Xi Jinping hosts a welcoming ceremony for visiting US President Donald Trump ahead of the highly anticipated China-US presidential summit. The state visit is the first by a US president in almost nine years. It is being closely watched by the world, as global tensions overshadow the meeting, including the conflict between the US, Israel and Iran over the Strait of Hormuz.
-
South China Morning Post: China-US presidential summit welcome ceremony
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