E - PAPER

Trump and Xi Jinping’s “Very Positive” Dialogue: Trade, Geopolitics, and the Road to April

U.S. President Donald Trump and Chinese President Xi Jinping held a comprehensive telephone conversation on Wednesday, signaling a strategic effort to stabilize relations between the world’s two largest economies. Described by Trump as “long and thorough,” the call covered a high-stakes agenda including trade, military matters, the Russia-Ukraine war, and the sensitive issue of Taiwan. This dialogue serves as a critical foundation for President Trump’s planned state visit to China in April 2026, with both leaders emphasizing the importance of maintaining a strong personal rapport to navigate intensifying global competition.

A major immediate outcome of the discussion was a significant breakthrough in agricultural trade. President Xi agreed to nearly double China’s purchase of American soybeans, raising the target to 20 million tons this season and 25 million tons for the next. This move is a major win for the Trump administration and U.S. farmers, immediately triggering a rise in soybean prices. Beyond agriculture, the leaders explored expanding energy cooperation through increased Chinese imports of U.S. oil and gas, as well as potential deliveries of American aircraft engines, aiming to rebalance the economic scales between Washington and Beijing.

Despite the optimistic tone, the conversation unfolded against a backdrop of complex geopolitical tensions. President Xi reportedly underscored that Taiwan remains the most sensitive issue in their bilateral relationship, urging caution regarding U.S. arms sales. Meanwhile, the talks occurred just after Xi consulted with Russian President Vladimir Putin, highlighting China’s pivotal balancing act in global diplomacy. While the call is being framed as a diplomatic milestone, analysts warn that deep-seated friction over technology competition and intellectual property rights will likely remain significant hurdles during the upcoming April summit in Beijing.

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