Xi and Trump meet as trade war fails to shrink US deficit

aljazeera.com —

Chinese President Xi Jinping will meet US President Donald Trump at the White House on Thursday amid their ongoing trade and AI rivalry, with the fragile tariff truce expiring November 10 high on the agenda. US-China bilateral trade fell 29 percent to $415bn in 2025, while China redirected exports to other markets, posting a $1.2 trillion global surplus. The US goods trade deficit actually widened to $1.235 trillion in 2025, up 2.8 percent from 2024. Tariffs average 36.5 percent on Chinese goods and 31 percent on US goods, with product-specific rates varying sharply. China controls nearly 90 percent of critical mineral processing, while Washington restricts advanced chip access.


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