US President Donald Trump and Chinese President Xi Jinping held talks in Washington on trade, AI and security, with Xi saying the two countries had reached a new trade arrangement
The United States and China have reached a new trade arrangement, according to a report, as he held talks with US President Donald Trump at the White House in Washington amid efforts to stabilise relations between the world’s two largest economies.
Chinese President Xi Jinping said the latest round of economic and trade consultations had produced a “new joint arrangement”, describing it as good news for businesses and people in both countries as well as the global economy, according to China’s state-run Xinhua news agency.
Details of the arrangement were not immediately disclosed. The announcement came after US Treasury Secretary Scott Bessent said Washington and Beijing had agreed to extend their existing trade truce until January 10, 2027, giving negotiators more time to work on unresolved economic issues.
The extension covers a truce that had been due to expire on November 10. Bessent said the additional period would allow the two sides to continue discussions on the economic relationship.
Trump said the latest talks had produced new outcomes and called for continued dialogue to reach a better agreement, according to Xinhua. The two sides have been working to reduce tensions after years of tariff disputes, export restrictions and disagreements over technology and market access.
More from BusinessTrade was not the only issue on the agenda. Trump and Xi also discussed artificial intelligence, Taiwan, the Middle East, the war in Ukraine and the Korean Peninsula.
AI emerged as a key area where the two countries see scope for dialogue despite their wider strategic competition. Xi said Washington and Beijing should use their respective strengths rather than guard against each other. He called for continued discussions on AI risks and benefits and cooperation to prevent misuse of the technology.
Xi also urged the US to oppose “Taiwan independence” and handle the Taiwan issue with caution, saying this would help create conditions for greater strategic cooperation between Washington and Beijing.
The two leaders also sought to emphasise areas of cooperation. Xi called for a constructive relationship based on cooperation, manageable differences and continued dialogue, while Trump described the two countries as major powers and said he and Xi had maintained close communication.
The summit marked Xi’s first visit to Washington in more than a decade and the leaders’ third in-person meeting since Trump returned to the White House.
