Xi and Trump finally agree to fix China-US relations, set to meet on Inauguration Day

Source Cryptopolitan

Donald Trump is making history before even stepping back into the Oval. The President-elect has invited Chinese President Xi Jinping to attend his inauguration next month, breaking 150 years of tradition.

Reports claim that multiple sources have confirmed the unprecedented invitation, which could set the tone for a new chapter in US-China relations.

This invitation is bold, especially considering Trump’s campaign rhetoric. He promised to slap a 60% tariff on all Chinese goods and has threatened another 10% if Beijing doesn’t curb fentanyl exports to the US. Folks are wondering if this is a strategic olive branch or a calculated power play.

A first in US-China history

State Department records show no foreign leader has attended a US presidential inauguration since at least 1874. Typically, such ceremonies are reserved for ambassadors and diplomatic envoys. The Chinese foreign ministry has yet to comment, but all eyes are on Beijing.

Xi’s last US visit was for the Asia-Pacific Economic Cooperation summit in November 2023, where he held talks with outgoing President Joe Biden. Relations between the two nations remained tense during Biden’s term, with no state visit to China largely due to COVID-19 travel restrictions.

Historically, leaders from both countries alternated visits, making it Trump’s turn to visit Beijing under usual protocols. The presidents haven’t met in person since June 2019 at the G20 summit in Japan.

Although Trump recently confirmed communication with Xi during an NBC interview, he declined to share details of their conversation. The invitation could signify an attempt to reset relations as the US and China prepare for what many fear could be another period of economic and political standoff.

China, on the other hand, isn’t backing down. Xi has emphasized his “four red lines,” which include no interference in the Communist Party’s control, no push toward democracy, no efforts to contain China’s economic rise, and no support for Taiwan’s independence.

This rigid stance shows Beijing’s determination to defend its sovereignty, even as it remains open to dialogue. In a speech earlier this week, Xi reiterated that trade and technology wars yield “no winners.” 

Meanwhile, Beijing has escalated tensions by restricting the export of high-tech materials with military applications.

Unprecedented preparation

Historically, China has avoided sending heads of state to such events. When Biden was inaugurated in 2021, Beijing confirmed that the Chinese embassy had received an invitation but sent no high-ranking officials. The same approach was taken during Trump’s first inauguration in 2017.

Hua Chunying, then a foreign ministry spokesperson, emphasized that the US traditionally only invites diplomatic envoys to such ceremonies. This makes Trump’s direct invitation to Xi all the more extraordinary.

For now, the ball is in Beijing’s court. Whether Xi accepts the invitation or opts for a more cautious approach, the decision will likely be felt across global markets and economies.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
WTI Oil pulls back as Hormuz supply worries ease, Iran-US tensions keep volatility highWest Texas Intermediate (WTI) trades around $101.10 on Tuesday, down 1.26% at the time of writing, after posting strong gains the previous day amid escalating geopolitical tensions in the Middle East.
Author  FXStreet
11 hours ago
West Texas Intermediate (WTI) trades around $101.10 on Tuesday, down 1.26% at the time of writing, after posting strong gains the previous day amid escalating geopolitical tensions in the Middle East.
placeholder
Crypto Overview: Toncoin, Terra Classic rise by double digits as Bitcoin grips $80,000Bitcoin (BTC) rises above $80,000 at press time on Tuesday, triggering a broader market recovery despite the US-Iran ceasefire at risk as tensions resurface. Toncoin (TON) and Terra Classic (LUNC) are leading the market recovery with double-digit gains over the last 24 hours.
Author  FXStreet
12 hours ago
Bitcoin (BTC) rises above $80,000 at press time on Tuesday, triggering a broader market recovery despite the US-Iran ceasefire at risk as tensions resurface. Toncoin (TON) and Terra Classic (LUNC) are leading the market recovery with double-digit gains over the last 24 hours.
placeholder
Australian Dollar holds losses ahead of RBA policy decisionAUD/USD extends its losses for the second successive day, trading around 0.7160 during the Asian hours on Tuesday. Traders expect the Reserve Bank of Australia (RBA) to deliver an interest rate hike later in the day.
Author  FXStreet
20 hours ago
AUD/USD extends its losses for the second successive day, trading around 0.7160 during the Asian hours on Tuesday. Traders expect the Reserve Bank of Australia (RBA) to deliver an interest rate hike later in the day.
placeholder
Bitcoin Price Forecast: BTC hits three-month high on derivatives-led surgeBitcoin (BTC) price surges above $80,000 on Monday, reaching the highest level since the end of January. Institutional demand supports this price surge, as spot Exchange Traded Funds (ETFs) recorded inflows of over $153 million last week, marking the fifth consecutive week of positive flows.
Author  FXStreet
Yesterday 10: 32
Bitcoin (BTC) price surges above $80,000 on Monday, reaching the highest level since the end of January. Institutional demand supports this price surge, as spot Exchange Traded Funds (ETFs) recorded inflows of over $153 million last week, marking the fifth consecutive week of positive flows.
placeholder
Trump says US to help ships stranded in Strait of Hormuz as tanker hit by projectilesUS to start operation to aid stranded ships, Trump saysTanker reported to have been hit by projectile in Strait of HormuzIran wants end to US blockade; nuclear talks postponedTrump has made Iran nuclear deal a priorityBy Parisa Hafezi and Jacob Bogage DUBAI/DORAL, Florida, May 4 (Reuters) - A tan...
Author  Reuters
Yesterday 01: 33
US to start operation to aid stranded ships, Trump saysTanker reported to have been hit by projectile in Strait of HormuzIran wants end to US blockade; nuclear talks postponedTrump has made Iran nuclear deal a priorityBy Parisa Hafezi and Jacob Bogage DUBAI/DORAL, Florida, May 4 (Reuters) - A tan...
goTop
quote