"Fantastic trade deal" - Trump's statements after the latest round of talks with Xi
US President Donald Trump said he had reached a "fantastic trade deal" with Chinese leader Xi Jinping as the two met on Friday for a second day of talks, wrapping up his state visit to China.
Trump did not elaborate on his comments, as the visit to the Chinese capital has so far resulted in a Chinese offer to help reopen the Strait of Hormuz, but also in a warning from Beijing that mismanagement of Taiwan could cause conflict.
"We hope our relationship with China will be stronger and better than ever before," Trump wrote on Truth Social, adding that Xi had congratulated him "on many extraordinary successes in such a short period of time."
The talks have yet to yield any major economic progress, with Trump largely focused on securing deals in agriculture, aviation and artificial intelligence. The summit, so far, has been largely aimed at stabilizing relations between the US and China and preserving a fragile truce agreed to late last year.
In October, Washington agreed to lower tariffs on all Chinese goods, while Beijing agreed to suspend its restrictions on rare earth exports. In addition to trade, the two leaders appear to have made some progress on the subject of the Iran war.
Xi told Trump that Beijing wants to help negotiate an end to the war and reopen the Strait of Hormuz. China’s heavy dependence on Iranian oil could help it influence Tehran to make a deal with Washington. According to the White House, “both sides agreed that the Strait of Hormuz must remain open to support the free flow of energy.” Trump added that China assured him that it would not supply military equipment to Iran.
Meanwhile, Chinese ships began transiting the strait after an understanding on Iranian management protocols for the passage, Iranian state media reported.
Iran has largely blocked shipping through the strait, which normally carries about a fifth of the world's oil and LNG, since the outbreak of war with the United States and Israel on February 28. Washington has imposed a naval blockade on Iranian ports despite a fragile ceasefire in place since April 8.
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