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Xi Jinping and Trump set for high-stakes summit

Financial Times Companies •
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President Xi Jinping and first lady Peng Liyuan have landed at Joint Base Andrews for a high-stakes summit with President Donald Trump, as the Chinese leader makes his first visit to Washington since 2015. Trump will greet Xi and Peng at the military base in Maryland on Wednesday evening local time, the first time a US president has welcomed a visiting world leader at the base in more than six decades.

The visit comes four months after Trump went to China for a state visit and just under a year after the presidents met in Busan, South Korea, where they struck a one-year truce in the US-China trade war that is set to expire on 10 November. Trump and Xi will spend most of Thursday and Friday morning together for a series of meetings and cultural events. They are expected to discuss a range of issues, including efforts to extend the trade truce and the creation of an AI dialogue to discuss risks posed by the technology.

The occasion will mark a historic moment in Trump’s relationship with Xi, whom he has repeatedly praised as a “great leader”. But Trump’s deference to the Chinese leader this week underscores how, after 20 months of head-spinning tariffs on China followed by a fragile truce, the US president has dented the ambition of the hawks in his administration who sought a renewed effort to pin back America’s biggest geopolitical foe.

Here’s what else we’re keeping tabs on today: Australia publishes employment figures for August. The US and South Korea are set to unveil an agreement for Seoul to fund a multibillion-dollar gas-fired power plant in Texas. At the UN General Assembly, Anthropic’s Dario Amodei has urged the UN Security Council to pursue “narrow” international agreements on AI safety.