Trump: "Summit with Xi Very Productive"... U.S. to Announce Trade Negotiation Results on 28th

Greer: "Progress with China... Details to be announced Monday"
Little discussion of advanced semiconductor export controls

On the 25th (local time), U.S. President Donald Trump assessed that the U.S.-China summit with Chinese President Xi Jinping was "very productive." Although the two countries did not release a comprehensive joint statement or specific agreement details immediately after the summit, the U.S. side announced that the results of the trade negotiations would be released on the 28th.

President Trump wrote on Truth Social that "the meeting with President Xi was very productive for both the United States and China," adding that "tremendous things will happen."

President Trump and President Xi held a summit and state dinner at the White House the previous day. As the leaders of the world’s two largest economies and strategic competitors, their meeting drew global attention. However, until the day after the talks, both sides had not issued a comprehensive joint statement on the summit’s outcome.

However, a follow-up announcement of achievements in the trade sector was foreshadowed. Jamieson Greer, U.S. Trade Representative (USTR), appeared on CNBC and stated there had been "progress" in trade negotiations with China, adding, "We will announce much more detailed results regarding what we have achieved in negotiations with China over the past few weeks on Monday."

This aligns with President Xi’s remarks in the summit the previous day that the two countries’ economic and trade teams had reached a "new joint agreement." According to Chinese state-run Xinhua News Agency, President Xi evaluated this as "good news for both countries’ industries and citizens, as well as for the global economy."

While the specific contents of the agreement have not yet been disclosed, it is believed to include the extension of the countries' 'trade truce' and possible tariff reductions on non-sensitive items. U.S. Treasury Secretary Scott Bessent had previously announced that both sides agreed to extend the trade truce, originally set to end on November 10, for an additional two months.

Representative Greer explained regarding the reduction of tariffs on non-sensitive items through the U.S.-China Trade Commission, "We have reached agreements with China on several issues," detailing that, even if future trade disputes or tariff measures arise, these items will be excluded from those actions.

In contrast, it appears that there was little common ground in the advanced technology sector. Representative Greer referred to U.S. export controls on advanced semiconductors to China as "the most valuable assets of U.S. technology and our means to maintain an edge in the race for superintelligence or artificial intelligence (AI)," and said, "Such discussions hardly took place in these negotiations."

On the same day, President Trump also commented on AI, saying, "Like almost everyone else, President Xi also seemed to prefer the term 'Super Intelligence,' a far more precise and significant name, to the poorly and inaccurately named ‘artificial intelligence’," adding, "It will be ‘super.’ Everyone else agreed last night as well."

During the summit the previous day, President Xi emphasized the need for U.S.-China cooperation on AI. According to Xinhua, he said, "Both China and the United States, as major AI countries, have competition but can also cooperate," suggesting that the two countries should discuss the risks and benefits of AI, and that humanity must retain control over AI technology.

The two leaders also discussed the situation in the Middle East, the war in Ukraine, and issues concerning the Korean Peninsula. Furthermore, they agreed to mutually support the hosting of the Asia-Pacific Economic Cooperation (APEC) Summit and the Group of 20 (G20) Summit to be held this year.

This content was produced with the assistance of AI translation services.