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Trump plans grand spectacle for Xi as US says trade truce extended - Headlines news and analysis from Global Banking & Finance Review
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Trump plans grand spectacle for Xi as US says trade truce extended

Published by Global Banking & Finance Review

Posted on September 23, 2026

5 min read

· Last updated: September 23, 2026

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Trump Hosts Xi in Washington, Extends US–China Trade Truce by Two Months

US–China Summit: Key Events and Implications

By Trevor Hunnicutt

Historic Welcome and Diplomatic Protocol

WASHINGTON, Sept 23 (Reuters) - US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day visit where the superpowers' tensions over trade, technology and Tehran will play out against a backdrop of pomp and ceremony.

Trump and his wife greeted Xi and his wife on a 100-foot-long red carpet rolled out on the tarmac beside Xi's plane at the Maryland military base that hosts Air Force One. 

The greeting broke with normal protocol, marking the first time a US president has welcomed a foreign leader at Joint Base Andrews in 11 years, when President Barack Obama welcomed Pope Francis in 2015, according to C-SPAN, which tracks presidential events.

The two leaders smiled, shook hands and spoke for a few minutes at the start of the Chinese leader's first trip to the US in nearly three years. A military band played, and cannons blasted ceremonial fire as they greeted each other. Trump winced as a loud B-1 military bomber flew overhead. The leaders then went their separate ways, ahead of meetings scheduled for Thursday.

Trade Truce Extension and Economic Dialogue

Treasury Secretary Scott Bessent told Fox News that he and Chinese Vice Premier He Lifeng agreed to extend a trade truce set to expire on November 10 by two months, through January 10. China's embassy in Washington had no immediate comment.

Expectations for the Summit

EXPECTATIONS ARE LOW

But expectations for a broader breakthrough during Xi's visit were slim. The two sides are at odds on issues ranging from Taiwan to narcotics and rare-earth minerals.

People familiar with the plans said Xi was likely to forcefully raise Beijing's claim to Taiwan, a topic Washington would prefer to avoid, while Trump was likely to maintain firm US export controls despite Xi’s objections. 

But talks set for Thursday could nonetheless yield deals to lower tariffs in specific sectors, cooperate on drug trafficking and expand military-to-military dialogue. 

Trump is expected to seek the release of some Americans and others detained in China, according to the people.

The two countries could also agree to talk more on AI, where they are in fierce competition but mindful of growing dangers. 

Political Context and Leaders' Positions

The meeting comes at a difficult moment for Trump, who faces falling approval numbers as public discontent with his war on Iran grows. Xi, while also facing challenges at home, arrives in a seemingly stronger position, with his country's trade engine roaring.

The leaders themselves may not feel they need to compromise, analysts said.

Analyst Perspectives

"The president very much believes that over time the US economy is going to grow, the US will get stronger," said Edgard Kagan, a former White House official now with Washington's Center for Strategic and International Studies. "I think when Xi Jinping sits down with Donald Trump, he very much believes the US is in hurtling decline, and that time is on China's side."

State Dinner and Public Diplomacy

STATE DINNER WITH AI CHIEFS 

Additional fanfare during the trip is due to include a state dinner with tech luminaries, a White House military ceremony including jet flyovers and a visit to the National Archives where the original Declaration of Independence and Constitution are housed.

Business and Technology Leaders in Attendance

A state dinner on Thursday is expected to bring together chiefs of companies important in both markets like Apple's Tim Cook, Nvidia's Jensen Huang and OpenAI's Sam Altman. 

Despite their deep disagreements, both sides pressed ahead with the summit, which analysts said seeks to project stability between the world’s biggest factory and its biggest consumer. 

Summit Structure and Communication

As in their prior two meetings since 2025, the leaders are planning a highly scripted public spectacle. Instead of a joint press conference or statement at the end, the countries are expected to issue dueling announcements highlighting what each side hopes to convey to a domestic audience.

Broader Political and Economic Backdrop

For Trump, the trip caps a week of diplomacy that began with a two-day stay in New York for the United Nations General Assembly. Nearly seven months of war with Iran have spiked energy prices in the US, and the president's Republican Party faces tough prospects in November’s congressional elections.

Xi has overseen a surge in China's foreign trade but faces weak household spending and a property market downturn. Sweeping corruption ​and discipline crackdowns in the military have helped cement Xi’s power but also raised questions about the People's Liberation Army's readiness.

Future Meetings and Ongoing Relations

Another meeting between Trump and Xi is seen as likely this year, potentially at the Asia-Pacific Economic Cooperation summit in China in November or the Group of 20 meetings in the US in December.

(Reporting by Trevor Hunnicutt; additional reporting by Jacob Bogage, Kanishka Singh, David Brunnstrom, Yimou Lee and Ben Blanchard; Editing by Don Durfee, Cynthia Osterman, Alistair Bell and Sonali Paul)

Key Takeaways

  • President Trump is staging an elaborate welcome in Washington for Xi’s first visit in nearly three years, including a tarmac greeting, military jets, and a star‑studded state dinner featuring tech leaders like Tim Cook, Jensen Huang and Sam Altman (investing.com).
  • Treasury Secretary Scott Bessent confirmed the U.S. is open to extending the bilateral trade truce beyond its November 10 expiry or pursuing a broader trade deal, signaling this is a central matter for the Trump‑Xi summit (kitco.com).
  • Preparatory talks have covered AI safety cooperation (including a proposed hotline), tariffs on non‑strategic goods, and critical minerals, though analysts expect only modest outcomes rather than sweeping breakthroughs (kitco.com).

References

Frequently Asked Questions

What is the main reason for Xi Jinping's visit to Washington?
Xi Jinping is visiting Washington for talks with President Trump focusing on trade, technology, and diplomatic relations.
How long has the US–China trade truce been extended?
The US–China trade truce has been extended by two months, now running through January 10.
What events are planned during Xi Jinping's US visit?
Events include a red-carpet welcome, a state dinner with tech leaders, military ceremonies, and a visit to the National Archives.
Are major breakthroughs expected from Trump and Xi's talks?
Expectations are low for significant breakthroughs, although some sector-specific deals and increased dialogue may occur.
What topics are likely to be discussed during the meetings?
Discussions will focus on trade, Taiwan, export controls, drug trafficking, military dialogue, and potential cooperation on AI.

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