On October 30, the much-anticipated meeting between Donald Trump and Xi Jinping took place. Economist Ivan Us and host Valeriy Klochok discussed the key outcomes on the Veza Public Analytics Center broadcast.
The main discussion topics between the US and Chinese leaders included Taiwan, Russia’s war against Ukraine, and global trade policies. Although there were no concrete promises on resolving these issues, both sides confirmed their intent to continue dialogue and to update their trade agreement annually.
The experts paid special attention to US tariff policy toward China and the prospect of China reducing imports of Russian oil. It was noted that public pressure on China contradicts its diplomatic approach, while non-public arrangements over energy imports remain possible.
Regarding the Russia-Ukraine war, the experts concluded that China is uninterested in a victory for either side and will not exert significant pressure on Russia to halt hostilities. At the same time, the United States will likely continue sanctions against Russian energy companies, although enforcement may be less stringent.
The analysts at Veza Public Analytics Center emphasized that continuing dialogue between the US and China, and their readiness to discuss war, economic, and geopolitical matters, is a positive factor in a rapidly changing global landscape. No final agreements were reached, but both sides agreed to maintain contacts at the APEC and G20 summits in 2024.
In conclusion, the experts stressed the importance of ongoing dialogue between the world’s major players and the need for further monitoring of their actions impacting the war in Ukraine.
