The High Stakes Summits: What's at Stake for Global Trade and Security The arrival of US President Donald Trump in Beijing marks the beginning of a high stakes summit between the world's two largest economies.
This meeting is significant not only because of ongoing trade tensions but also due to its implications on technology, security, and economic leverage.
Bilateral trade between the US and China has taken a hit since last year's escalation in tariffs and restrictions. The total trade volume declined sharply from 2022, with $414. 7 billion exchanged in 2023.