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- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
Xi and Trump agree to extend trade truce until January 2027
Chinese President Xi and U.S. President Trump agreed on a new joint trade arrangement after talks at the White House. The two countries also agreed to extend the temporary truce, which expires on November 10, until January 2027.
Chinese President Xi and U.S. President Trump agreed on a new joint arrangement during their meeting at the White House, following work by the two countries’ economic and trade delegations. Xi said the agreement would benefit the peoples and industries of China and the United States, as well as the global economy.
Xi said stability in economic and trade relations was necessary to expand areas of cooperation and reduce issues that create problems, adding that cooperation is a mutual process.
Temporary truce to be extended until January 2027
China-U.S. relations had become strained by tariff increases and technology restrictions imposed during Trump’s second term, as well as steps targeting China’s control over rare earth elements.
Xi and Trump reached a temporary truce on points of dispute during their talks in Busan, South Korea, in October 2025. In their latest meeting, the two countries’ economic delegations agreed to extend the truce, which expires on November 10, until January 2027.
Call for cooperation on artificial intelligence
Xi said China and the United States, two leading countries in artificial intelligence, could cooperate rather than merely compete, and urged both sides to focus on the areas in which they are strongest. He also said dialogue on artificial intelligence should continue and that the two sides should exchange views on the technology’s risks and benefits.
Xi said human oversight must be maintained in artificial intelligence technology and that a human-centered, benevolent approach should be adopted. He stressed that the technology should serve humanity’s progress.
AI safety was also among the key topics discussed. China and the United States are expected to launch an artificial intelligence dialogue covering information-sharing on the risks AI could create and early warnings about possible threats. The Washington administration is focusing on controlling risks, while Beijing is focusing on more comprehensive global AI governance.
U.S. artificial intelligence developers are urging the Washington administration to take action over allegations that Chinese companies obtain data from their models through a “distillation” method.
Xi reiterates China’s position on Taiwan
Xi said the Taiwan issue was linked to China’s national unity and territorial integrity. He called on the Washington administration to adopt the correct position on “Taiwan independence” and to protect the foundation of bilateral relations through China-U.S. strategic cooperation.
China considers Taiwan part of its territory. The separation and sovereignty dispute between mainland China and Taiwan emerged after the civil war in 1949. Beijing advocates the “one China” principle and opposes Taiwan establishing diplomatic relations or being represented in the United Nations and other international organizations.
Beijing does not rule out the use of force to achieve Taiwan’s reunification with mainland China. Taiwan, meanwhile, is increasing its military spending and seeking to strengthen its defense capabilities by purchasing new weapons systems from the United States.
Iran and other regional crises on the agenda
Xi and Trump also discussed international and regional crises, along with developments in the Middle East, Ukraine and the Korean Peninsula. Xi said he hoped the United States and Iran would resolve their differences through dialogue and negotiations, reach a comprehensive agreement including on the nuclear issue, and establish peace in the region as soon as possible.
Xi said China supports respect for the sovereignty and security of all countries and has played a constructive role in reducing tensions. He added that China encourages the parties to continue negotiations.
Attacks by the United States and Israel against Iran, along with Iran’s retaliatory strikes, have increased tensions in the Middle East. While the economic effects of disruptions to shipping in the Strait of Hormuz continue to affect global energy trade, the reported capture of settlements along Yemen’s Red Sea coast by the Iran-backed Houthis, who are fighting government forces, could also affect the Bab al-Mandab Strait’s role in energy transportation.
The Washington administration’s expansion of sanctions against Russia and Iran is also among the issues that could affect the economic dimension of the China-U.S. talks.
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