President Donald Trump and Chinese President Xi Jinping began their high-stakes talks in Washington on Thursday, focusing on trade, artificial intelligence, and regional tensions. The meeting comes amid ongoing concerns over global economic stability and geopolitical issues, including the war in Iran and U.S.-China trade relations.

The leaders discussed extending a fragile trade truce that was set to expire in November, with both sides agreeing to a two-month extension. Trump emphasized the need for China to use its influence with Iran, while Xi sought a halt to U.S. Arms sales to Taiwan. The talks also addressed artificial intelligence safeguards and broader economic cooperation.

Financial markets remained volatile ahead of the meeting, with bond yields rising in Europe and oil prices climbing above $105 a barrel. Analysts noted the potential for tension as the two leaders navigate complex issues, balancing economic interests with strategic diplomacy. The visit marks a key moment in U.S.-China relations, with both sides aiming to stabilize their relationship despite deep-seated differences.