China and US agree to build constructive strategic relationship
The agreement follows Xi and Trump's recent meetings and comes days before a narrower trade deal is due Monday, Xinhua reports.
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China and the United States have agreed to build what both sides call a constructive relationship of strategic stability, based on respect, fairness and reciprocity, Xinhua reports.
The statement follows recent meetings between Xi Jinping and Donald Trump. Xi called his trip to the US very successful and said he and Trump agreed to add new substance to the relationship. Trump called the visit tremendous and pointed to gains for both countries.
Officials are finalizing a narrower trade deal due Monday. It includes tariff exemptions on farm, medical and low-tech goods. Trump has also said Xi appeared to embrace the idea of artificial intelligence, calling it "super intelligence," with more developments expected.
The language formalizes what recent high-level meetings had already signaled: Washington and Beijing are moving toward stabilized relations rather than escalation. Against tariff exemptions and a managed trade agreement, the framing suggests both sides now see more benefit in de-escalation than in continued tariff conflict, a shift that matters for equities exposed to China and for commodities sensitive to geopolitical friction.