Trump-Xi Summit Offers Initial Framework, But Implementation Remains Unclear

Key Takeaways

• Questions on timing and scope of the truce extension remain, even as the summit offered some positive signals on tariff reductions.
• The Board of Trade, new AI dialogue, and working groups provide a baseline framework that should be developed ahead of leader meetings at APEC and the G20.
• Challenges on rare earths and critical minerals persist despite a temporary reprieve.