The U.S.’s Federal Reserve is under a lot of pressure right now, and it is getting pulled in multiple directions with inflation fears, economic growth, a new chairman, high interest rates, fears of the US dollar weakening, and a war.
This year in China, Xi noted, marks the start of a new Five-Year Plan for Economic and Social Development. This will be their 15th installment of Five-Year Plans. Concurrently to the talks with the U.S. President in China, representatives from China attended BRICS talks in New Delhi. These talks did not conclude to a joint statement amid differing views regarding the Iran War.
Public Announcement Handling about the Meeting
The differences I found between the official announcements on the U.S and China websites should be noted as well. On the U.S. White House site, only one article had been made, and on the Chinese Website, there were three prominent headlines. The U.S.’s publication is bullet-pointed, and explicit in deals discussed. The Chinese articles are more blocks of text focused on the announcements that Xi had made, and they include photos.
Agreements Made
Future Meeting in Washington and New Trade Boards
The two agreed to a Washington visit by President Xi in the fall of 2026. The two countries agree in building a constructive relationship, and that the two countries are better allies than enemies. And two new institutions will be formed to optimize the economic relationship between the U.S. and China: the U.S.-China Board of Trade, and the U.S.-China Board of Investment.
Military Beliefs
They both agreed in beliefs of a denuclearized Iran and North Korea, and a Strait of Hormuz that is open to trade without tolls.
Trade Packages
A package of trade agreements were settled as well. These include 200 American-made Boeing aircraft for airline travel, $17 Billion per year for three years, starting 2026, of U.S. agricultural products in addition to the soybean purchase commitments China made in 2025, renewing of expired permits and lifting of all suspensions of U.S. beef facilities in China, and a resuming of imports of U.S. Poultry into China.
Discussions Surrounding Rare Earth Elements
Apart of the agreements, China agreed to address the U.S.’s concern regarding rare earth elements. There was no trade agreement. China didn’t address the concerns. However, an agreement to address it at a future date was made. Specifically, rare earth elements discussed include yttrium, scandium, neodymium, and indium. These elements are used in the production of lasers, super strong lightweight alloys, commercially viable magnets, and high-performance screens including LCD’s and Solar Panels, respectively.