Trump's Beijing Summit with Xi Ends With Few Breakthroughs as Putin Visit Looms

President Donald Trump made a two-day state visit to Beijing in May 2026, meeting with Chinese President Xi Jinping. The summit featured pageantry but yielded few major agreements on key disputes including trade, Taiwan, and Iran. Trump departed without extending a trade truce due to expire later in 2026, and the leaders released no joint public statement. Xi warned Trump privately that mishandling disagreements over Taiwan could push bilateral relations to "a dangerous place." The two sides agreed to set up separate boards for trade and investment, but no specific deals for American farm goods were reached, causing U.S. soybean futures to fall. Trump suggested he could ease sanctions on Chinese refineries buying Iranian oil and announced a deal for 200 Boeing aeroplanes—though Boeing shares fell when Trump later said there was no fixed commitment. US tariffs on Chinese goods remain at nearly 48%. Trump departed China one day before news emerged that Russian President Vladimir Putin would visit China from May 19-20, underscoring Beijing's deepening ties with Moscow amid Western sanctions.