As Xi meets Trump, who’s winning their trade war?

Chinese President Xi Jinping is set to meet US President Donald Trump at the White House during his state visit, the first by a Chinese leader in over a decade. The two nations are at odds over trade and artificial intelligence, with tariffs on Chinese goods reaching 36.5% in the US. In 2025, US-China trade fell nearly 30%, while China recorded a $1.2 trillion global trade surplus last year.