Trump-Xi Meeting Sets Realistic Goals
The Trump and Xi summit saw modest expectations due to the complexities of the US-China competition, which extend beyond trade barriers to technology, security, and defense. The Chinese side holds leverage through measures such as reducing rare earth mineral exports and influencing supply chain flows, while the United States is imposing increasing restrictions on China's access to advanced technology, particularly semiconductors. Taiwan and influence in the Pacific region are sensitive issues, embodying the power dynamics between the two countries, and the current meeting lacks the opportunity to achieve a comprehensive strategic settlement. Although a temporary truce in trade may be possible, competition will persist, with each side trying to manage the conflict and reduce the risk of it escalating into an open confrontation, amid an international context where economic and technological interests are deeply intertwined.
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