Xi and Trump to meet in Washington as China's trade surplus grows

Chinese President Xi Jinping and US President Donald Trump are set to meet in Washington on September 24, with the primary focus on extending a trade truce that prevented a major global economic shock last year. China's trade surplus is on pace to exceed $1 trillion for a second straight year, while Trump faces falling approval ratings amid a costly war with Iran. Analysts say Xi has little incentive to make concessions, though Taiwan and potential agreements on AI and non-sensitive goods may be discussed. Trump has described a pending $14 billion arms package for Taiwan as a "negotiating chip," raising concerns in Taipei and Tokyo. Washington also hopes Xi can pressure Iran, but Beijing has shown little inclination, as both leaders prioritize stability to focus on domestic challenges.