Trump says made 'fantastic trade deals' with Xi at Beijing summit

U.S. President Donald Trump said Friday that he had made "fantastic trade deals" with Chinese President Xi Jinping at the conclusion of a two-day superpower summit in Beijing.

The pair met for final talks at Zhongnanhai, the central leadership compound adjacent to the Forbidden City. Trump said the visit had also produced a Chinese offer to help reopen the Strait of Hormuz.

What trade deals did Trump announce after meeting Xi?

Trump said he and Xi had reached agreements that were "great for both countries" but did not provide a full breakdown. The headline deal he cited was Xi's agreement to purchase 200 Boeing jets.

Beijing also expressed interest in buying U.S. oil and soybeans, and Treasury Secretary Scott Bessent said the two sides were discussing "guardrails" for artificial intelligence.

What exactly did Trump and Xi agree on in Beijing?

Trump had arrived in Beijing seeking deals across agriculture, aviation and artificial intelligence, while also aiming to manage tensions in several geostrategic areas, including the Middle East war.

After a walk with Xi among the rosebushes at Zhongnanhai, Trump told reporters: "We've settled a lot of different problems that other people wouldn't have been able to solve." He did not elaborate on specifics.

Xi described the visit as a "milestone" and said the two sides had established "a new bilateral relationship of constructive strategic stability." He also promised to send Trump seeds for the White House Rose Garden. Trump described Xi as a "great leader" and "friend," while the Chinese leader's public tone remained more measured.

Shares in Boeing fell after Trump announced the jet purchase, a sign that markets had expected a more substantial order from China. On soybeans, China had sharply reduced U.S. purchases after Trump's tariffs last year, turning primarily to Brazil instead. China had also bought only small amounts of U.S. oil before the tariffs took effect.

What did Trump say about China and the Strait of Hormuz?

In a Fox News interview after the first day of the summit, Trump said Xi had effectively assured him that China would not supply military equipment to Iran, which has largely closed the Strait of Hormuz. "He said he's not going to give military equipment. He said that strongly," Trump told Fox. Xi also said he wanted the strait open and offered to help if he could.

The Chinese foreign ministry issued its own statement Friday, calling for "a comprehensive and lasting ceasefire" and saying shipping lanes should be reopened "as soon as possible." Bessent told CNBC that keeping the strait open was very much in China's own interest, given the volume of energy that transits the waterway. China is the primary foreign buyer of Iranian oil.

What happened on Taiwan at the Trump-Xi summit?

Taiwan emerged as the most pointed moment of tension at the summit. Shortly after talks began Thursday, Chinese state media reported that Xi had warned Trump that missteps on Taiwan could push their two countries into "conflict."

Trump did not comment to reporters when asked about the warning.

Secretary of State Marco Rubio told NBC that U.S. policy on Taiwan was "unchanged as of the meeting." He acknowledged Beijing had raised the issue but said Washington had made its position clear before moving on. Taipei responded Friday by thanking Washington "for repeatedly expressing its support." Bessent said Trump would say more on the Taiwan question "in the coming days."

What is the significance of AI in U.S.-China trade talks?

Bessent told CNBC that the world's "two AI superpowers are going to start talking," framing discussions around establishing guardrails for artificial intelligence use as a significant step.

U.S. export controls on advanced AI technology to China remain a persistent sore point in the bilateral relationship.

The two sides have not yet resolved those restrictions, but the summit appeared to open a channel for further dialogue on the issue.