Trump-Xi talks in Beijing: What’s at stake

BEIJING — President Trump’s first visit to China in nine years is a high-stakes trip reflecting the rivalry and mutual dependence of two superpowers hoping to avoid a collision course — even if Trump cast it more as a meeting between close friends and business partners.

Speaking to reporters before departing Washington on Tuesday, Trump downplayed tensions between the two countries, including on trade, calling Chinese President Xi Jinping a “wonderful guy” and a friend and saying the working relationship between the two countries is “very good.”

Trump acknowledged China’s might — saying that the Asian nation and the United States are clearly the world’s two superpowers — and that the focus of the meeting “more than anything else will be trade.”

“We’re gonna have a great relationship for many, many decades to come,” Trump said. “My relationship with President Xi is a fantastic one. We’ve always gotten along, and we’re doing very well with China, and working with China’s been very good — so we look forward to it.”

Trump also downplayed the importance of the meeting for the war in Iran. He said Xi might be able to help the United States reach a deal to end the war, but that he doesn’t need it, “because we have Iran very much under control.”

The state visit marks the first by an American president to China since Trump’s trip here in 2017, only months into his first term. President Biden never came, becoming the first to not do so since diplomatic ties were normalized, an absence that underscored simmering distrust and animosity between Washington and Beijing that has only worsened since.

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In the capital, security forces sealed off an area around the Temple of Heaven roughly the size of 400 football fields ahead of the U.S. president’s visit, anticipating a stop at the monument to imperial China and Confucian thought.

On his previous trip, Trump received the rare honor of a state banquet inside the Forbidden City. This time he is expected to dine at the Great Hall of the People, an imposing structure off Tiananmen Square that hosts high-level gatherings of the Chinese Communist Party.

Trump’s positive spin on Tuesday aside, his agenda for meetings beginning Thursday with Xi highlights the vast array of American interests that depend on — and often clash with — Beijing’s policies.

After launching a trade war against China at the beginning of his second term, Trump now comes hat in hand requesting an extension of a tariff truce, fearful Xi might follow through on his threats to halt the export of rare earth minerals to the United States that are vital to the manufacturing of American goods, including everyday consumer equipment and advanced defense technologies.

His visit comes as a ceasefire in the war with Iran, brokered with help from Beijing, is on “massive life support,” according to the president. Trump is expected to appeal to Xi for assistance in getting Tehran to restore free and open passage through the Strait of Hormuz.

And in a dramatic reversal, the Trump administration has begun discussions with the Chinese about establishing a channel of communication on artificial intelligence, alarmed that recent technological leaps could pose global risks.

All of these requests are expected to come at a cost.

President Trump departs the White House on May 12, 2026, for his second state visit to China.

(Kevin Dietsch / Getty Images)

In earlier remarks before the trip, Trump said he expected U.S. arms sale to Taiwan — including one already approved by Congress — to become a chip in the negotiations.

“I’m going to have that discussion with President Xi,” Trump said. “President Xi would like us not to, and I’ll have that discussion. That’s one of the many things I’ll be talking about.”

The notion that U.S. support for Taiwan is a negotiable matter is sure to rattle America’s allies throughout the region, from Japan to the Philippines, which are reliant on U.S. security guarantees amid China’s Indo-Pacific military aggression.

Despite geopolitical tensions, both sides are expected to announce business and investment agreements, underscoring how deeply intertwined the world’s two largest economies remain.

China plans on making a significant purchase of Boeing aircraft, and the president has brought 17 American corporate leaders with him on the trip to discuss additional opportunities, including Apple’s Tim Cook, BlackRock’s Larry Fink, Meta’s Dina Powell McCormick and Tesla’s Elon Musk.

The two leaders are expected to have other opportunities to talk in person throughout the coming year, including potential meetings at the Group of 20 summit in Florida, the APEC summit in Shenzhen, China, and a state visit in Washington that Trump said he will host for Xi at some point in the coming months.

Trump on Tuesday said Xi’s visit will be “toward the end of the year” and “exciting.” He also lamented that the ballroom he is building on the White House grounds — on the site of the historic East Wing he demolished — won’t be ready in time.

Jennifer Hong, senior director at the Institute for Indo-Pacific Security, said her concern is that the state visit becomes part of a “tyranny of calendaring,” where the Chinese agree to schedule more high-level meetings sought by Trump that put off vital U.S. decision-making.

“I do think this trip is necessary for the U.S. government — I think that there are things that are on hold because he doesn’t want to rock the boat,” Hong said, noting the Trump administration’s delay in arms sales to Taiwan, despite the packages already having received congressional approval.

“I’m just worried this will be a stringing along of promises, or maybe some reprieve for a year or so,” she added, “as we continue to handicap ourselves on national security matters for the sake of more meetings.”

Trump on Tuesday repeatedly dismissed China’s potential help in resolving the war in Iran, which has driven up prices domestically and around the world as oil shipments through the strategic Strait of Hormuz have been badly disrupted and U.S. efforts to fully reopen the channel have so far been unsuccessful.

“I don’t think we need any help with Iran, to be honest with you,” Trump said. “They’re defeated militarily.”

Trump also said the financial pain many Americans are feeling from the war, including at the gas pump, simply isn’t a factor — “not even a little bit,” he said — in his ongoing negotiations with Iran.

“The only thing that matters when I’m talking about Iran [is that] they can’t have a nuclear weapon,” he said. “I don’t think about Americans’ financial situation. I don’t think about anybody.”