Overview

• President Trump stated that Chinese President Xi Jinping may visit the U.S. 'in the not-too-distant future,' with discussions reportedly ongoing for a June summit.
• This would be the first meeting between the two leaders since Trump's return to office and the escalation of U.S.-China trade tensions.
• The U.S. imposed 20% tariffs on all Chinese imports in January, citing China's alleged failure to curb illegal fentanyl production and export.
• China has retaliated with its own tariffs and accused the U.S. of using the fentanyl issue as a pretext for economic pressure.
• Negotiations on trade and fentanyl-related issues remain deadlocked, with both sides entrenched and little progress reported.