WashingtonThe trade truce now runs to January 10, Treasury Secretary Scott Bessent said.
Xi’s first US visit in 11 years leaves chip export controls and rare-earth licensing unresolved.
China refined 91% of magnet rare earths in 2024, the International Energy Agency says, while Huawei chips deliver about half Nvidia’s compute.
Huawei’s chairman Eric Xu acknowledged the company may not make enough chips to meet domestic demand.
Trump and Xi hold substantive talks Thursday, with Taiwan and Iran on the agenda.
How each outlet framed it
drawn from 1150+ reports worldwide
- CNBC leans favorable
- RT leans favorable
- emphasizes B-1 bomber flyover during ceremony, reports Trump's claim Chinese delegation appreciated reception
- Al Jazeera Online
- cites specific tariff data (36.5% on Chinese goods) and US-China trade contraction (30% decline, $1.2T surplus)
- South China Morning Post
- questions whether AI race should override consumer income stagnation, cites Stanford AI Index's $184B funding estimate
- Nikkei Asia
- characterizes prior Trump-Xi summit as symbolism over substance, identifies Taiwan arms sales as strategic bargaining chip
Sources: CNBC, RT, Al Jazeera Online, South China Morning Post, Nikkei Asia