
The latest U.S.-China leadership summit made little progress in resolving the disputes underlying their trade tensions, with a breakdown of talks increasingly likely and, with it, escalation on other issues like U.S. tech restrictions and Chinese military activities around Taiwan. From Sept. 23-25, U.S. President Donald Trump hosted Chinese President Xi Jinping for a rare state visit to Washington, D.C. At least publicly, the summit produced only brief readouts and little in the way of new agreements. The most consequential outcome was the two sides agreeing to extend by two months their trade truce, previously due to expire on Nov. 10, that has limited U.S. tariffs and the scope of Chinese rare earth restrictions. Still, this was less than the two-year extension China was reportedly seeking and even less than the six-month extension Trump was considering as recently as last week.