Trump, Xi Meet at White House; Extend Trade Truce, Discuss AI Governance

The White House summit represents a continuation of U.S.-China trade negotiations affecting tariff rates (currently ~47% average U.S. tariffs on Chinese goods versus 145% peak levels), and signals bilateral engagement on AI governance frameworks that could influence global technology standards. The two-month trade extension to January 2027 defers resolution of structural disputes over semiconductors, critical minerals, and agricultural trade, affecting supply chains and market access for multinational corporations, farmers, and tech companies. Unresolved disagreements on Taiwan arms sales, Iran policy, and technology restrictions indicate limited near-term breakthroughs on core strategic issues, though maintained high-level communication reduces immediate escalation risk.