Chinese President Xi Jinping on Thursday welcomed U.S. President Donald Trump to a two-day high-level summit in Beijing, aimed at managing deep thorny issues including trade, technology, Iran, and Taiwan.

The meetings, held in the Great Hall of the People, marked Trump’s state visit to China from May 13-15, 2026. While both leaders struck a conciliatory tone at the outset, officials on both sides, however, signalled that breakthroughs are unlikely.

“2026 marks 250 years of U.S. independence, and stability in the U.S.-China relationship is necessary for global stability,” President Xi said at the start of the bilateral talks.

President Trump responded by calling Xi a “great leader”, saying the two countries’ relationship was “going to be better than ever.”

The Taiwan issue emerged early as a flash point, and President Xi told Trump that the self-ruled island, which Beijing claims as its territory, is “the most important issue in China-U.S. Relations” and warned that mishandling it could lead to conflict between the two superpowers.

Concerning trade, Trump said he hopes to secure deals for China to purchase more U.S. agricultural products and passenger planes. The two sides are also working to establish a board to address bilateral differences and avoid a repeat of last year’s tariff-driven trade war.

Further, Marco Rubio, the United States Secretary of State who is also one of Trump’s entourage, has hinted that US officials would try to persuade China to take a more ”active role” in resolving the conflict in Iran, particularly as it concerns the Strait of Hormuz.

Trump is accompanied by a delegation of U.S. Business leaders, including Tesla CEO Elon Musk, Nvidia CEO Jensen Huang, and Apple CEO Tim Cook. Trump told Xi that the CEOs had come to “pay respects” and build business ties.

Meanwhile, President Xi also met separately with the U.S. CEOs and business executives, telling them China would “open wider” to the world and that “American companies will enjoy even brighter prospects in China.”

Xi was joined in the talks by three senior aides: Cai Qi, his de facto chief of staff and the fifth-ranking member of the Politburo Standing Committee; Foreign Minister Wang Yi; and Vice Premier He Lifeng, who leads China’s trade negotiations. He Lifeng had led talks with U.S. Treasury Secretary Scott Bessent in South Korea ahead of the summit.

Talks concluded, both Presidents visited Beijing’s historic Temple of Heaven and are scheduled to attend a state banquet Thursday evening.

President Trump is expected to depart Beijing just after midday Friday, following a final private meeting with Xi.

The summit comes amid ongoing tensions over Tariffs and trade wars, Artificial Intelligence, Semiconductors, and the War in Iran, all of which are expected to feature in the leaders’ final private discussions.

Having stated the above, it is worthy to note that whether or not this high-level summit and private discussions held by these two very powerful leaders in today’s dispensation degenerate or do not degenerate into the ”Thucydides Trap” as coined by the American Political Scientist and Harvard professor, Graham Allison, and encapsulated in ”The History of the Peloponnesian War, remains a matter of time.