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
Crude Oil Price Forecast: Brent Nears $110 Amid Saudi Pipeline Outage, How Much Further Can Oil Rise?Supply risks in the Middle East continue to heat up, with international oil prices fluctuating at high levels.During Tuesday's Asian trading session, Brent crude futures (UKOIL-F) rose to
Author  TradingKey
12 hours ago
Supply risks in the Middle East continue to heat up, with international oil prices fluctuating at high levels.During Tuesday's Asian trading session, Brent crude futures (UKOIL-F) rose to
placeholder
【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve beginsThe 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
Author  Irene Q.
13 hours ago
The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
placeholder
Gold falls below $4,300 as higher US yields bolster Fed rate hike betsGold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week. 
Author  FXStreet
19 hours ago
Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week. 
placeholder
Silver Price Forecast: XAG/USD falls to near $63.50 amid Fed hike bets, higher oil pricesSilver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
Author  FXStreet
Yesterday 10: 37
Silver price (XAG/USD) loses its gains from the previous day, trading around $63.50 per troy ounce during Asian hours on Monday. Non-yielding Silver is currently facing significant headwinds driven by rising Federal Reserve (Fed) rate-hike expectations for the upcoming September decision.
placeholder
Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
Author  Suzie
Yesterday 07: 49
A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
goTop
quote