Tag: Xi

  • Putin and Xi Reaffirm Strong Bond Following Trump Meeting

    Putin and Xi Reaffirm Strong Bond Following Trump Meeting

    President Xi Jinping praised the strong and unwavering partnership between China and Russia during discussions with Vladimir Putin on Wednesday, emphasizing their alliance just days after Donald Trump’s visit to China. The visit comes amid heightened attention on their evolving relationship, especially following Trump’s recent trip, which lacked significant breakthroughs like assistance in reopening the Strait of Hormuz.

    Due to widespread Western sanctions impacting Russia’s energy revenues and increasing dependence on China, Putin’s position has become somewhat fragile. Meanwhile, ongoing tensions over Iran have disrupted crude oil and natural gas shipments, providing Putin with an opportunity to promote Russian energy supplies as alternative options. Experts suggest Putin might focus on advancing the “Power of Siberia 2” gas pipeline, intended to deliver Russian natural gas to China via Mongolia—offering a land route as opposed to sea shipments from the Middle East.

    In Beijing’s grand Great Hall of the People, the leaders quickly highlighted their countries’ close ties as they renewed their “friendly cooperation” treaty. Xi expressed that Beijing and Moscow have “steadily deepened political mutual trust and strategic coordination,” with resilience that remains unbreakable. Putin, in turn, affirmed that their relationship has reached an “unprecedentedly high level,” despite external challenges, without specifying any third-party nations. Xi also subtly criticized the United States by warning against “unilateral and hegemonic countercurrents,” which some interpret as a veiled rebuke of U.S. policies.

    As the U.S. under Trump sought to strengthen alliances, China has hosted numerous world leaders, and Moscow’s support for Beijing has deepened since Russia’s invasion of Ukraine in 2022. Putin’s annual visits to Beijing reflect the growing closeness, even as his trip aims to be less showy than Trump’s and more focused on substantive cooperation. Xi referred to Putin as an “old friend,” a term not used for Trump during his recent visit, underscoring the strength of their bond. Both leaders see their relationship as more “structurally solid” and stable than China’s ties with the U.S.

    While Beijing advocates for negotiations to end the Ukraine conflict and has not condemned Russia’s military actions, its neutrality is nuanced by its reliance on Russian energy exports. Moscow, heavily dependent on Chinese markets, is unlikely to push Russia away but seeks to maintain support.

    Concerning the Middle East, Russia aims to leverage the energy crisis caused by the closing of the Strait of Hormuz, positioning itself as a key energy supplier in response to regional conflicts. Russia’s top diplomat Sergei Lavrov indicated that Moscow might compensate for China’s energy shortages amid the Middle East turmoil. Conversely, China emphasizes the urgency of ending the conflict, warning that continued hostilities in the region are “inadvisable,” highlighting their interest in stabilizing vital waterways to support their economic interests.

  • Trump and Xi Speak Amid Tense Trade Relations

    An undated photo of US President Donald Trump waving while walking with Chinese President Xi Jinping.
    An undated photo of US President Donald Trump waving while walking with Chinese President Xi Jinping. — Reuters/File

    • Trump initiated a phone call amid tense trade relations.
    • The conversation takes place as accusations arise over essential minerals.
    • The fragile 90-day tariff rollback agreement faces challenges with ongoing accusations.

    On Thursday, Chinese President Xi Jinping engaged in a phone conversation with US President Donald Trump, according to China’s state news agency, Xinhua. This discussion comes as trade tensions between the two nations continue to mount.

    The call was made at Trump’s request, but Xinhua did not disclose any specifics about their discussion.

    The White House has yet to provide a comment on the matter.

    This highly awaited conversation occurs against a backdrop of blame traded between Washington and Beijing regarding essential minerals in a conflict that threatens to unravel a delicate ceasefire in their ongoing trade war.

    On May 12, the two nations agreed to a 90-day deal that would reduce some of the retaliatory tariffs imposed against one another since Trump took office in January.

    While the stock market reacted positively, the provisional agreement failed to address broader issues that have strained their relationship, including the illegal fentanyl trade, the status of Taiwan, and US grievances about China’s state-controlled, export-oriented economic model.

    Since his return to the White House in January, Trump has consistently threatened various punitive measures against trading partners but has often walked back those threats at the last moment. This erratic behavior has left global leaders and business executives bewildered, with many stating that the unpredictability complicates market forecasting.

    In April, China halted exports of several critical minerals and magnets, causing disruptions for automakers, chip manufacturers, and military contractors across the globe.

    Beijing views mineral exports as leverage; curtailing them could generate domestic political pressure on the Republican president if economic growth slows due to production delays for mineral-dependent products.

    The 90-day tariff rollback agreement remains precarious. Trump has accused China of violating the terms and has imposed restrictions on chip design software and other shipments destined for China, while Beijing has refuted these claims and threatened to retaliate.

    Trump has long sought a call or a meeting with Xi, but China has resisted, adhering to its traditional practice of resolving details before involving the leaders.

    The US president and his advisors believe that direct conversations between leaders are essential to overcoming the deadlock that has hindered lower-level negotiators.

    The last known contact between the two leaders remains unclear.

    Investors are closely monitoring the situation, concerned that a chaotic trade war could impact corporate profits and disturb supply chains in the crucial months leading up to the holiday shopping season. Trump’s tariffs are also currently under dispute in US courts.

  • Trump: Xi’s Upcoming US Visit Amid Escalating Trade Tensions

    Trump: Xi’s Upcoming US Visit Amid Escalating Trade Tensions

    Trump Announces Upcoming Visit from China’s Xi Amid Trade Tensions

    President Donald Trump stated on Monday that Chinese President Xi Jinping is set to visit the United States soon, as trade disputes escalate between the two leading global economies over Trump’s tariffs, according to a report by AFP.

    During a press conference at the Kennedy Center for the Performing Arts in Washington D.C., Trump mentioned, "He’ll be coming in the not-too-distant future," referring to the Chinese leader.

    Although Trump did not elaborate further, The Wall Street Journal reported last week that discussions have begun between Washington and Beijing for a potential summit scheduled in June, a month of significance for both leaders as they celebrate their birthdays.

    Since his return to the White House in January, Trump has imposed tariffs on various trading partners, including China, Canada, and Mexico, citing issues like trade imbalances and the need to curb the influx of dangerous fentanyl.

    China has expressed a desire for "dialogue" with the United States in recent discussions.

    Earlier this month, Trump increased a previously established 10% tariff on Chinese goods to 20%.

    In response, China announced tariffs of up to 15% on a variety of U.S. agricultural products, including soybeans, pork, and chicken. As the world’s largest steel producer, China has also stated it will take "all necessary measures" in retaliation against new U.S. tariffs on both steel and aluminum.

    Xi’s last visit to the United States was in November 2023, where he met with Joe Biden, Trump’s Democratic predecessor, in California in an effort to ease rising tensions between the two nations.