China’s president, Xi Jinping, has met with his American counterpart, Donald Trump, for their first face-to-face talks in six years. Trump emerged from the meeting in South Korea in a buoyant mood, describing it as a 12 on a scale of one to ten. He is now saying the US will lower tariffs on Chinese imports, with Beijing giving the US better access to rare earths in return.
The Chinese government’s response was, in comparison, relatively muted. In a statement, the foreign ministry declared that both sides had exchanged views on “important economic and trade issues” and said Xi was “ready to continue working” with Trump “to build a solid foundation for China and the US”.
Despite the optimism on show in South Korea, there is still much to be done before a trade deal between the two countries is signed. At the same time, Chinese officials appear to remain cautious of the Trump administration’s unpredictability and its damaging potential for their country’s economy.
