Trump hails deep friendship with Xi as China's leader urges 'healthy' competition between 2 powers
Donald Trump said he and Xi Jinping have developed a "very deep friendship" during their summit in Washington this week. The two leaders met for the first time since Trump returned to office, with the Chinese president emphasizing what he called "healthy" competition between the world's two largest economies. Trump, who's previously described his relationship with Xi as central to managing U.S.-China tensions, used the meeting to discuss trade, technology, and military coordination. Xi's language around competition was notably careful—Beijing's preferred framing when it wants to signal restraint without conceding ground. The summit produced no major agreements, though both sides committed to ongoing dialogue. For now, the friendship Trump describes remains largely rhetorical, tested mainly by tariffs and Taiwan. How that friendship holds depends less on what's said in Washington than on what happens next in the markets and across the strait.