Trump and Xi dialed down the trade war, but challenges lurk at their China summit

Image for article Trump and Xi dialed down the trade war, but challenges lurk at their China summit
News Source : Abcnews.com

News Summary

  • Trump departs Tuesday for a summit in Beijing with Chinese leader Xi Jinping.
  • The summit is primarily about keeping the economic relationship stable, with only modest policy announcements expected.
  • China bought nearly $50 billion less in American products last year than it did in 2022.
  • China's share of goods imported to the U.S. has fallen from 22% at the start of Trump’s first term in 2017 to just 7.5% in the first three months of this year, according to government data.
WASHINGTON President Donald Trump claims that America has increasingly profited from trade with China, largely playing down the tensions over rare earth minerals, tariffs and emerging technologies [+6941 chars]

Must read Articles