Thomas J. Christensen
At the end of this month, U.S. President Donald Trump is scheduled to visit China for a major summit with Chinese leader Xi Jinping, the first of what may be as many as four meetings between the two leaders in 2026. The planned three-day summit comes on the heels of discussions the leaders held in October 2025 on the sidelines of the Asia-Pacific Economic Cooperation forum in Busan, South Korea, where they reached a fragile truce to calm the rising economic tensions in the U.S.-Chinese relationship. Trump and Xi agreed to forgo, for one year, many of the draconian measures their countries had imposed or threatened to impose on each other in the preceding months. The United States backed down from the threat of sky-high tariffs and suspended a large expansion of the roster of Chinese companies on the U.S. Commerce Department’s Entity List, which limits their access to American business on national security or foreign policy grounds. China, for its part, reversed its refusal to purchase U.S. agricultural products and dropped sweeping restrictions on exports of critical minerals on which the United States and many other industrial economies depend. The agreement left the two countries fairly close to where they started before the economic conflict began earlier in 2025.
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