The Japan Times - Trump and Xi set for high-stakes talks in Beijing

EUR -
AED 4.095701
AFN 72.480008
ALL 90.882712
AMD 401.805034
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.622157
AWG 2.007127
AZN 1.900047
BAM 1.951697
BBD 2.245579
BDT 138.86805
BGN 1.948955
BHD 0.420772
BIF 3356.362879
BMD 1.115071
BND 1.428792
BOB 13.374482
BRL 6.138357
BSD 1.114956
BTN 104.659009
BWP 15.359741
BYN 3.339105
BYR 21855.38619
BZD 2.242466
CAD 1.573756
CDF 2586.964483
CHF 0.914881
CLF 0.027698
CLP 1090.127033
CNY 7.444774
CNH 7.440667
COP 3625.685911
CRC 505.646021
CUC 1.115071
CUP 26.76054
CVE 110.842372
CZK 24.346956
DJF 198.170808
DKK 7.480457
DOP 67.740985
DZD 152.081196
EGP 59.957114
ERN 16.726061
ETB 179.75372
FJD 2.514764
FKP 0.833961
GBP 0.834821
GEL 2.893653
GGP 0.833961
GHS 13.029646
GIP 0.833961
GMD 83.077063
GNF 9876.743229
GTQ 8.520088
GYD 233.749058
HKD 8.744552
HNL 30.190584
HRK 7.547925
HTG 146.132606
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.869336
IQD 1688.217076
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 176.947992
JOD 0.790629
JPY 176.744329
KES 144.903869
KGS 97.510486
KHR 4549.488945
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.929309
KZT 499.776184
LAK 25094.667032
LBP 99854.583719
LKR 370.763872
LRD 189.90075
LSL 18.465996
LTL 3.292514
LVL 0.674496
LYD 7.170329
MAD 10.880307
MDL 19.93044
MGA 5123.750363
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.000882
MRU 44.882019
MUR 52.442198
MVR 17.176258
MWK 1936.878232
MXN 20.768572
MYR 4.528864
MZN 71.257178
NAD 18.465992
NGN 1502.23485
NIO 40.823159
NOK 10.548462
NPR 167.454215
NZD 2.010586
OMR 0.428348
PAB 1.115031
PEN 3.838635
PGK 5.008941
PHP 70.369926
PKR 308.456482
PLN 4.399568
PYG 6968.50605
QAR 4.062245
RON 5.343646
RSD 117.7359
RUB 91.352798
RWF 1644.729318
SAR 4.18675
SBD 8.974739
SCR 15.631155
SDG 670.719139
SEK 11.033072
SGD 1.430194
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 637.267002
SRD 41.908265
STD 23079.712667
STN 24.8382
SVC 9.75549
SYP 14498.149201
SZL 18.465983
THB 37.411034
TJS 10.285553
TMT 3.902748
TND 3.329048
TOP 2.684822
TRY 55.9111
TTD 7.561104
TWD 36.546782
TZS 2946.578434
UAH 50.509358
UGX 4560.432794
USD 1.115071
UYU 44.855697
UZS 13380.84906
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.009331
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.419263
ZMK 10036.978597
ZMW 22.65679
ZWL 359.052318
SSP 6406.644798
MXV 2.336546
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Trump and Xi set for high-stakes talks in Beijing
Trump and Xi set for high-stakes talks in Beijing / Photo: Brendan SMIALOWSKI - AFP

Trump and Xi set for high-stakes talks in Beijing

US President Donald Trump and Chinese leader Xi Jinping are set to tackle thorny issues dividing the two superpowers when they meet in Beijing on Thursday, with Iran, trade and Taiwan on the cards.

Text size:

Xi will greet Trump with pomp and ceremony as they meet at 10:00 am (0200 GMT) in the opulent Great Hall of the People, a lavish welcome that belies the deep tensions between the world's biggest economies.

The two leaders will also enjoy a state banquet at the hall in the evening, and Trump will visit the historic Temple of Heaven, a World Heritage site where China's emperors once prayed for good harvest.

The US president arrived for the two-day summit on Air Force One late Wednesday accompanied by top CEOs including Nvidia's Jensen Huang and Tesla's Elon Musk -- symbols of business deals Trump hopes to reach.

He was given a red carpet welcome, with 300 Chinese youth in white uniforms chanting "welcome" and waving small Chinese and US flags in unison as he descended the steps of the presidential plane pumping his fist.

On Friday, Trump and Xi are set to have tea and a working lunch before the US president heads home to Washington.

The trip to Beijing marks the first by a US president in nearly a decade, after Trump visited in 2017, accompanied -- unlike this time -- by his wife Melania.

Following that first visit, Trump unleashed a barrage of tariffs and restrictions on Chinese goods. He did so again after returning to the White House last year, triggering a trade war before Xi and Trump agreed to a truce in October.

- 'Big hug' -

Trump has said he expects a "great big hug" from Xi as he banks on what he believes is a strong personal relationship with the Chinese leader who he has admiringly said rules China with an "iron fist".

Top of his wish list will be business deals on agriculture, aircraft and other topics, with a host of top businessman in the US leader's delegation.

Aboard Air Force One en route to Beijing, Trump vowed on social media to push Xi to "open up" China to US firms "so that these brilliant people can work their magic".

The Chinese foreign ministry said Wednesday it "welcomes" Trump's visit and that "China stands ready to work with the United States... to expand cooperation and manage differences".

But Trump is dealing with a different and more emboldened China to the one he visited nine years ago, with a host of unresolved trade and geopolitical tensions between the two countries.

The Iran war in particular has threatened to weaken Trump's position in talks with Xi, having already forced him to postpone it from March.

The US president said he expected a "long talk" with Xi about Iran, which sells most of its US-sanctioned oil to China, but insisted that "I don't think we need any help with Iran" from Beijing.

- Tariff truce? -

The long-simmering trade war between the two countries will also be top of the agenda, after Trump's sweeping tariffs last year triggered tit-for-tat levies that exceeded 100 percent.

Trump and Xi are set to discuss extending a one-year tariff truce, which the two leaders reached during their last meeting in South Korea in October, although a deal is far from certain.

On Taiwan, another issue that has bedevilled ties, Trump said Monday he would speak to Xi about US arms sales to the self-governing democracy claimed by China.

That would be a departure from historic US insistence that it will not consult Beijing on its support to the island, and one which will be closely watched by Taipei and US allies in the region.

China's controls on rare earth exports, AI rivalry and the countries' raucous trade relationship are also among the topics expected to be taken up by the two heads of state.

Both sides will be looking to come out the summit with whatever wins they can, while also stabilising an often tense relationship between Beijing and Washington that has global implications.

Trump will also be hoping to leave with a firm date for a reciprocal visit by Xi to the United States later in 2026, to prove his rapport with his Chinese counterpart.

S.Fujimoto--JT