Xi Hosts Trump in Private Compound in Second Day of China Summit

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(Bloomberg) — Donald Trump met Xi Jinping in Beijing’s leadership compound on Friday, kickstarting a second day of talks that kept relations on an even keel but have yielded limited deals so far.

Financial Post

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The two leaders held at least 10 minutes of talks and walked together in Zhongnanhai, the secretive headquarters of the ruling Communist Party and residence of its top leaders.

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“These are the most beautiful roses anyone has ever seen,” Trump said. Xi spoke about the history of the compound through a translator and offered to send seeds for the flowers to the US president.

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The meeting follows a day of warm welcome and highly choreographed pageantry in the Chinese capital. In talks lasting about two and a half hours Thursday, the two presidents struck a positive tone on US-China relations but also discussed contentious issues ranging from trade, Taiwan and the Iran war.

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Zhongnanhai offers a prestigious setting for the meeting and represents a gesture of hospitality. Only a handful of US leaders have been inside the heavily guarded complex next to the Forbidden City. Richard Nixon, the first American president to visit China, met Chairman Mao Zedong there during his groundbreaking trip in 1972, while George W. Bush visited the walled compound twice, in 2002 and 2008. Former President Barack Obama visited in 2014.

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Beneath the friendliness on display, however, the relationship between the world’s two largest economies remains strained by a range of thorny topics.

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In their first meeting the day before, Xi delivered his starkest warning yet on Taiwan to an American president, saying mishandling of the issue could lead to “clashes” between the superpowers. 

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Trump told Fox News in an interview that Xi offered to help on Iran — something China has not explicitly confirmed. A White House readout of their meeting said the two sides agreed that the Strait of Hormuz must be open to support the free flow of energy.

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China agreed to buy 200 Boeing Co. planes, Trump said in the interview, which fell short of the 500 737 Max and additional widebody aircraft Chinese airlines were expected to buy at the upper extreme of a landmark deal.

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The US and China are also discussing a mechanism for fast-tracking some Chinese investment deals, along with a reduction in tariffs on a swath of non-critical goods, Treasury Secretary Scott Bessent said in an interview with CNBC Thursday in Beijing. 

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The two presidents are expected to continue their conversations over tea and a working lunch in the former imperial garden.

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(Updates with more details.)

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