Trump Welcomes Xi to America, Because Apparently Tariffs Need a Family Meeting
President Donald Trump welcomed Chinese President Xi Jinping to Washington today as the two countries work to keep their fragile trade relationship from turning into another economic wrestling match. The leaders are expected to discuss trade, technology and other major issues. Meanwhile, ordinary people are apparently waiting to discover which country's economy will be paying for dinner.
WASHINGTON — The United States and China have apparently decided that fighting over tariffs is exhausting, so they are trying something completely different: meeting in person and talking about it.
President Donald Trump welcomed Chinese President Xi Jinping to Washington today as the two leaders work to stabilize relations between the world's two largest economies.
According to reports, the United States and China have agreed to extend their trade truce.
Economists immediately opened their calculators.
Then they closed them.
Then they decided to wait.
The Great Tariff Family Meeting
For years, Washington and Beijing have treated tariffs like two neighbors arguing over who owns the fence.
One side says, "It's our fence."
The other says, "We built the fence."
Then somebody adds a 25% tariff to the fence.
Now, Trump and Xi are sitting down to discuss trade, technology and the future of the relationship.
The meeting is expected to be serious.
The internet, however, has already prepared the popcorn.
Trump and Xi: Season 2
The relationship between Washington and Beijing has gone through enough twists to qualify for its own Netflix series.
There have been tariffs.
There have been trade negotiations.
There have been accusations.
There have been temporary agreements.
And, naturally, there have been more negotiations.
Now Xi is in Washington, and the two leaders are trying to keep the trade truce alive.
The official message is diplomacy.
The unofficial message from businesses around the world is:
"Please, gentlemen, whatever you do, don't press the tariff button."
Meanwhile, American Businesses Are Watching
For companies importing Chinese products, this meeting could be more interesting than a football final.
Because when Washington and Beijing argue, somebody somewhere receives an invoice.
And that invoice usually arrives with the words:
"Due to increased costs..."
Which is corporate language for:
"Good luck, customer."
The World's Most Exp Friendship Meeting
The U.S. and China remain economic competitors, particularly over trade and technology.
But for today, at least, Washington and Beijing appear to be trying cooperation instead of escalation.
That means the world's two economic giants have temporarily put down their metaphorical boxing gloves.
Whether they remain down is another question.
For now, Trump and Xi are talking.
Markets are watching.
Businesses are waiting.
Economists are calculating.
And consumers are quietly asking the only question that really matters:
"Will this make my shopping cheaper?"
Nobody has answered yet.
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