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Trump and Xi agree to back each other's APEC and G20 summits as trade truce holds

From the Newshound archive · first published 24 September 2026 · last updated 25 September 2026.

Donald Trump wincing during a military flyover as Xi Jinping looks on, as the two leaders meet amid a US-China trade truce extension pushed to 10 January.
Donald Trump wincing during a military flyover as Xi Jinping looks on, as the two leaders meet amid a US-China trade truce extension pushed to 10 January.
President Donald J. Trump and First Lady Melania Trump welcome President Xi Jinping and Madame Peng Liyuan to Washington as Treasury Secretary Scott Bessent confirms the Busan trade truce has been extended to 10 January.
President Donald J. Trump and First Lady Melania Trump welcome President Xi Jinping and Madame Peng Liyuan to Washington as Treasury Secretary Scott Bessent confirms the Busan trade truce has been extended to 10 January.

Donald Trump and Xi Jinping have agreed to offer mutual support for each other's hosting of the APEC and G20 summits, signalling the Busan trade truce is holding as both leaders seek to project diplomatic stability. The deal, reported by China's state news agency Xinhua, came as markets watched the Trump-Xi talks closely amid Middle East tensions pushing oil prices higher.

Wall Street opened lower on Thursday as Mideast uncertainty lifted oil prices, with traders bracing for any shift in the trade truce.

Analysts warn both powers are quietly competing for energy dominance even as OPEC's grip on Gulf oil weakens.

MoreReutersTrump and Xi agreed to support each other in hosting APEC, G20 summits, Xinhua reportsReutersSNAPSHOT Wall St opens lower as oil gains on Mideast uncertainty, eyes on Trump-Xi talksThe TelegraphTrump and Xi vie for energy supremacy as the Gulf’s oil cartel crumblesBBC NewsTrump and Xi toast new chapter in friendship at White House state dinnerDaily Mail NewsInside Trump's glitzy state dinner with China's Xi attended by tech titans and DC's elite as details emerge about talks between two world leadersReutersTrump to wrap up Xi summit with a tour of US archivesLBC'Never gotten along better': Trump praises relationship with Xi Jinping as tech CEOs join leaders for White House state dinnerNY PostTrump gifts Xi a bald eagle sculpture — invites him to tour new ballroom — at White House state dinnerBBC NewsXi Jinping got the red carpet treatment from Trump - but not everything he wantedThe GuardianDiplomacy or ‘diplotainment’? Key takeaways from the Trump-Xi summit in WashingtonThe IndependentTrump offers Xi state dinner guests first-ever tour of ballroom construction site: ‘Special treat’ReutersTrump-Xi state dinner guest list includes SpaceX’s Musk, Nvidia’s Huang and LVMH’s Arnault
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