Key insights
- Xi Jinping's planned US visit and the establishment of trade councils signal a potential thaw in US-China relations. Agreements to promote trade and address agricultural concerns could positively influence US equities, particularly in sectors reliant on trade with China. However, tensions surrounding Taiwan remain a key risk factor.
Investing.com -- Chinese President Xi Jinping will visit the United States in autumn, the country’s Foreign Minister Wang Yi said Friday, according to Xinhua. No specific date was provided for the visit.
The announcement came as China and the United States agreed to establish trade and investment councils, Xinhua reported. The two nations set a direction for trade cooperation and agreed to promote the expansion of two-way trade.
China and the US will promote trade under reciprocal tariff cuts, according to Xinhua. The countries also agreed to address concerns on agricultural products.
China stated that Taiwan is the most important issue in Sino-US relations, Xinhua reported.
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