Key facts
- The U.S. and China are engaging in tit-for-tat measures despite plans for a warm state dinner between leaders.
- Treasury Secretary Scott Bessent stated the two sides agreed to extend a trade truce.
- President Donald Trump and Chinese President Xi Jinping met in Washington on Thursday and Friday.
- This was Chinese President Xi Jinping's first visit to the U.S. since 2023.
Despite planned diplomatic pleasantries, the U.S. and China are engaged in behind-the-scenes tit-for-tat measures that cast doubt on the stability of their relationship. President Donald Trump and Chinese President Xi Jinping met in Washington on Thursday and Friday for Xi's first visit to the U.S. since 2023. The meeting occurred amidst plans for a state dinner and other ceremonial events. Last year, the two largest economic powers were involved in an escalating tariff war that impacted consumers and international businesses. Treasury Secretary Scott Bessent indicated that a trade truce between the two nations has been extended.