{"id":127218,"date":"2026-05-15T15:53:16","date_gmt":"2026-05-15T11:53:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127218"},"modified":"2026-05-15T15:53:20","modified_gmt":"2026-05-15T11:53:20","slug":"trump-xi-summit-wraps-with-series-of-new-consensus-but-concrete-deals-remain-a-mystery","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/trump-xi-summit-wraps-with-series-of-new-consensus-but-concrete-deals-remain-a-mystery\/05\/15\/market-updates\/","title":{"rendered":"Trump-Xi Summit Wraps with &#8220;Series of New Consensus&#8221; \u2014 But Concrete Deals Remain a Mystery"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Second round concluded:<\/strong> Trump and Xi wrapped their second round of talks Friday, per Chinese media.<\/li>\n\n\n\n<li><strong>Progress claimed:<\/strong> Xi said both sides marked progress toward building a more constructive U.S.-China relationship.<\/li>\n\n\n\n<li><strong>Communication strengthened:<\/strong> Both leaders agreed to enhance coordination on key issues.<\/li>\n\n\n\n<li><strong>&#8220;Series of new consensus&#8221;:<\/strong> China&#8217;s foreign ministry confirmed multiple agreements but provided no specifics.<\/li>\n\n\n\n<li><strong>Trump&#8217;s oil claim:<\/strong> The president said China agreed to buy U.S. oil from Texas, Louisiana, and Alaska.<\/li>\n\n\n\n<li><strong>&#8220;Insatiable appetite&#8221;:<\/strong> Trump cited China&#8217;s massive energy needs as the driver.<\/li>\n\n\n\n<li><strong>Boeing windfall:<\/strong> China reportedly agreed to purchase 200 Boeing jets.<\/li>\n\n\n\n<li><strong>Visa push:<\/strong> Trump said he would press for China to open up to the payments major.<\/li>\n\n\n\n<li><strong>Iran demands aligned:<\/strong> Trump said Xi also wants to end the Iran war and doesn&#8217;t want Tehran to have a nuclear weapon.<\/li>\n\n\n\n<li><strong>Weapons cutoff:<\/strong> Xi reportedly agreed not to supply Iran with weapons.<\/li>\n\n\n\n<li><strong>Trump&#8217;s Iran threat:<\/strong> &#8220;Not going to be much more patient&#8221; \u2014 warning of more debilitating strikes if Tehran doesn&#8217;t accept a deal.<\/li>\n\n\n\n<li><strong>Taiwan unclear:<\/strong> Despite being a key point for Xi, no consensus on Taiwan emerged.<\/li>\n\n\n\n<li><strong>Three-day visit:<\/strong> Trump left Beijing after concluding the historic state visit.<\/li>\n<\/ul>\n\n\n\n<p>U.S. President Donald Trump and Chinese President Xi Jinping concluded their second round of talks on Friday, Chinese media reports said.<\/p>\n\n\n\n<p>Xi said the two sides had marked progress toward building a more constructive U.S.-China relationship, Xinhua reported, and had also agreed to strengthen communication and coordination on key issues.<\/p>\n\n\n\n<p>Trump had earlier flagged some progress in talks with China, claiming in an interview on Fox News&#8217; Hannity program that China had agreed to buy U.S. oil.<\/p>\n\n\n\n<p>However, the two leaders did not provide details on just what agreements were signed during Trump&#8217;s three-day visit to China. Xi had on Thursday said Taiwan was a key point of focus in the ongoing talks, but it was unclear if any consensus was reached on the matter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trump&#8217;s Oil Deal Claim<\/h2>\n\n\n\n<p>Trump, in a pre-recorded interview aired on Thursday evening, said China had &#8220;agreed they want to buy oil from the United States\u2026 they&#8217;re going to go to Texas, they&#8217;re going to start sending Chinese ships to Texas and to Louisiana and to Alaska.&#8221;<\/p>\n\n\n\n<p>Trump said that China needed to import oil, citing the country&#8217;s &#8220;insatiable appetite&#8221; for energy. The interview was recorded after Trump met China&#8217;s Xi in Beijing on Thursday.<\/p>\n\n\n\n<p>China buys little oil from the United States, and is a major importer of Iranian oil \u2014 with U.S. government data showing the country imported about 1.4 million barrels per day of Iranian crude in 2025.<\/p>\n\n\n\n<p>Shipping disruptions in the Strait of Hormuz, stemming from the U.S.-Israel war on Iran, stood to potentially disrupt oil flows to China. But reports since March showed some Chinese oil tankers had made it through Hormuz.<\/p>\n\n\n\n<p>Global oil prices rose sharply since the onset of the Iran war, although Trump told Fox News that the increase was not as much as he had initially expected.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Xi Pushes for Iran Peace \u2014 and No Nukes<\/h2>\n\n\n\n<p>Trump said China&#8217;s Xi also sought an end to the Iran war, and that China did not want Tehran to have a nuclear weapon. He added that Xi had also agreed to not supply Iran with weapons.<\/p>\n\n\n\n<p>Trump called for Iran to accept a peace deal, warning that Washington could easily carry out even more debilitating strikes against the country.<\/p>\n\n\n\n<p>He warned that he was &#8220;not going to be much more patient&#8221; with Iran, and that the country should accept a deal. Trump had earlier said the ceasefire with Iran was on &#8220;life support.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">More Deals Touted<\/h2>\n\n\n\n<p>China&#8217;s foreign ministry said on Friday that Trump and Xi had achieved a &#8220;series of new consensus&#8221; during Thursday&#8217;s talks, but did not elaborate on what specific deals were reached.<\/p>\n\n\n\n<p>Speaking on Fox News&#8217; Hannity, Trump said China had also agreed to purchase 200 Boeing Co jets, and that he would push for the country opening up to payments major Visa Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Second round concluded: Trump and Xi wrapped their second round of talks Friday, per Chinese media. Progress claimed: Xi said both sides marked progress toward building a more constructive U.S.-China relationship. Communication strengthened: Both leaders agreed to enhance coordination on key issues. &#8220;Series of new consensus&#8221;: China&#8217;s foreign ministry confirmed multiple agreements but &hellip;<\/p>\n","protected":false},"author":9,"featured_media":127179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-127218","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127218"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127218\/revisions"}],"predecessor-version":[{"id":127219,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127218\/revisions\/127219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/127179"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}