Washington and Beijing extend trade truce despite simmering tensions - Semafor

Washington and Beijing extended a trade truce and Chinese leader Xi Jinping talked up cooperation ahead of a high-stakes summit with US President Donald Trump today, boosting hopes relations between the superpowers will remain stable despite simmering tensions.

Trump gave Xi a red carpet welcome at a US military base and will later host him at a lavish state dinner. Expectations are low for the meeting, the third in less than a year, given their lingering disputes over trade and deep competition over AI. And Xi is widely seen as having more leverage, at least for now, given Trump’s flagging ratings ahead of November midterms. Still, “reinforcing stability may be an achievement in itself,” the South China Morning Post said.