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China’s Xi signals trade progress as ‘biggest summit’ with Trump begins

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China’s Xi Jinping hailed positive trade negotiations with the United States at the start of a two-day summit with President Donald Trump in Beijing on Thursday, with discussions also set to cover the Iran war and ​U.S. arms sales to Taiwan.

With his approval ratings dented by his entanglement in the Middle East, Trump’s hotly anticipated trip to China – the first by a U.S. president to America’s main strategic rival ‌since his last visit there in 2017 – has taken on added significance, Reuters reported.

“You’re a great leader, sometimes people don’t like me saying it, but I say it anyway,” Trump told Xi after the Chinese leader treated him to a grand reception at Beijing’s imposing Great Hall of the People, featuring an honour guard and throngs of children excitedly waving flowers and U.S. and China flags.

“There are those who say this may be the biggest summit ever,” Trump said. “It’s an honour to be with you. It’s an honour to be your friend ​and the relationship between China and the USA is going to be better than ever before,” he added.

Xi opened the summit by telling Trump that stable China–U.S. relationship benefits the entire world. “When we cooperate, ​both sides benefit; when we confront each other, both sides suffer.”

He also said preparatory talks by economic and trade teams in South Korea on Wednesday had reached an “overall balanced and ⁠positive outcome”, according to a readout by China’s state-run Xinhua news agency.

The latest round of negotiations aimed to maintain the trade truce struck last October and establish mechanisms to support future trade and investment, officials with knowledge of ​the matter said.

Joining Trump on the trip are a group of CEOs looking to resolve issues with China, including Elon Musk and Nvidia CEO Jensen Huang, a late addition. Trump has said his first request to Xi will be to “open ​up” China to U.S. industry.

Musk, Huang and Apple’s Tim Cook were present during the opening talks between the leaders, with Musk telling reporters they were “wonderful” as he left the Great Hall.

This week’s leaders meetings will provide plenty of face time between Xi and Trump: after their initial talks, they will tour the UNESCO heritage site Temple of Heaven and attend a state banquet on Thursday, before taking tea and lunch together on Friday, according to the White House.

POWER DYNAMICS HAVE SHIFTED

The power dynamics have changed since Trump’s last visit to ​Beijing when China went out of its way to lavish Trump and buy billions in U.S. goods, said Ali Wyne, senior adviser for U.S.-China relations at International Crisis Group.

Back then “China was trying to persuade the United States of ​its growing status… This time around it’s the United States, unprompted, of its own volition, that is acknowledging that status,” Wyne said, pointing out Trump revived the term ‘G2’, referring to a superpower duo, when he last met Xi on the sidelines of ‌an APEC meeting ⁠in South Korea in October.

Trump enters the talks with a weakened hand.

U.S. courts have hemmed in his ability to levy tariffs at will on exports from China and other countries. The Iran war has also boosted inflation at home and escalated the risk that Trump’s Republican Party will lose control of one or both legislative branches in November’s midterm elections.

Though the Chinese economy has faltered, Xi does not face comparable economic or political pressure.

Nevertheless, both sides are eager to maintain a trade truce struck last October in which Trump suspended triple-digit tariffs on Chinese goods and Xi backed away from choking global supplies of rare earths, vital in making items from electric cars to weapons.

They are also expected to discuss forums ​to support mutual trade and investment and dialogue on AI ​issues.

Washington looks to sell Boeing airplanes, farm goods and ⁠energy to China to cut a trade deficit that has long irked Trump, while Beijing wants the U.S. to ease curbs on exports of chipmaking equipment and advanced semiconductors, officials involved in the planning said.

IRAN, TAIWAN IN FOCUS

Aside from trade matters, Trump is expected to encourage China to convince Iran to make a deal with Washington to end ​the conflict. But analysts doubt that Xi will be willing to push Tehran hard or end support for its military, given Iran’s value to Beijing as a strategic counterweight ​to the U.S.

U.S. Secretary of State ⁠Marco Rubio told Fox News aboard Air Force One that it was in China’s interest to help resolve the crisis as many of its ships are stuck in the Gulf and a slowdown in the global economy would hurt Chinese exporters.

For Xi, U.S. arms sales to Taiwan, the democratically governed island claimed by China, will be a top priority.

China reiterated on Wednesday its strong opposition to the sales, with the status of a $14-billion package awaiting Trump’s approval still unclear. The U.S. is bound ⁠by law to ​provide Taiwan with the means to defend itself, despite a lack of formal diplomatic ties.

“Trump doesn’t really have that many of the cards ​to play. But I don’t think that Trump actually sees the situation that way,” said Ronan Fu, an assistant research fellow at Taiwan’s top government think tank Academia Sinica.

Xi has a reciprocal visit tentatively planned for later this year, which would be his first visit to the United ​States since Trump re-took office in 2025.

World

Trump says men arrested at UK air base used by US planned ‘big damage’

WATCH: Trump praises UK authorities for arrests Sunday near RAF airbase used by US forces in England.

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British police have arrested five men on suspicion of explosives offences and preparing a terrorist act near RAF Fairford, a UK air base used by the United States military, authorities said.

The arrests were made early Sunday after police received a report of three suspicious vans travelling towards the airfield in Gloucestershire, western England.

US President Donald Trump said the suspects had been under investigation by British and US authorities and were looking to cause “big damage” to the base.

“The arrest in the UK was fantastic,” Trump told reporters, praising cooperation between US and British authorities.

Counter Terrorism Policing said five men remained in custody and that officers were working with partner agencies to establish the circumstances surrounding the incident.

Police placed a 400-metre cordon around the area while bomb disposal experts examined the vehicles. About 85 homes in a nearby village were evacuated, while armed officers patrolled the area.

RAF Fairford has been used by US forces for military operations against Iran. Security was also increased at other UK bases used by the US, including RAF Lakenheath and RAF Mildenhall.

A source familiar with the investigation told Reuters an Iranian-linked motive was considered the most likely, while possible Russian involvement or an Islamist plot were also being examined.

No motive has been publicly confirmed by police.

The arrests come amid heightened security concerns in Britain following Iranian warnings over the use of UK bases by US forces. Russia has also been accused by Western governments of supporting sabotage operations in Europe, allegations Moscow has denied.

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Serbia’s President Vucic resigns ahead of October parliamentary elections

He had said in late June that he planned to resign and that Serbia would hold early parliamentary ​and presidential elections.

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Serbia’s populist President Aleksandar Vucic ‌announced his resignation on Sunday, ending his second and final five-year term and paving the way for early presidential elections, Reuters reported.

Vucic’s resignation, seven months before his term ends, comes amid campaigning for Serbia’s October 25 snap parliamentary vote and allows him to be appointed prime minister if his Serbian Progressive Party (SNS) ​forms the new government.

He had said in late June that he planned to resign and that Serbia would hold early parliamentary ​and presidential elections.

Rights groups have accused Vucic and his allies of increasingly authoritarian rule, with anti-government ⁠protesters saying they have been beaten by police and unfairly detained. Authorities have denied those allegations.

On Sunday, hundreds of Vucic’s supporters ​cheered him in front of the Presidency building in Belgrade’s city centre.

“This is the last evening for me in this building,” he told ​the flag-waving crowd minutes before resigning.

“I have faithfully served you and my fatherland, Serbia, … I am proud of what we have done together,” he said.

Under Serbia’s constitution, outgoing Parliament Speaker Ana Brnabic will serve as interim president until a new one is elected. The presidential election must be completed within 90 ​days, with the campaign lasting between 30 and 60 days.

“By the end of December … we will have the first round of ​presidential elections,” Vucic said.

Next month’s snap parliamentary election will pit Vucic’s SNS and its allies against Students Win, a student-led anti-corruption movement, ‌and ⁠European Serbia, an alliance of pro-Western opposition parties.

Students Win, European Serbia and other parties have yet to nominate their presidential candidates.

Vucic, 56, has dominated Serbian politics for more than a decade, read the report.

He was a hardline nationalist and information minister during the era of the late Slobodan Milosevic and the wars of the 1990s, and later served as deputy prime minister from 2012-14 and prime minister from 2014-17.

He moved to the largely ceremonial ​position of president in 2017, but ​kept tight control over his ⁠party and the government.

In foreign policy, Vucic has pursued a balancing act that seeks closer ties with China, a major investor, and Russia, Serbia’s principal supplier of natural gas, while maintaining a long-term goal of joining the ​EU. He also has sought to bolster ties with the United States and Israel.

Vucic’s term in office ​suffered a major blow ⁠in November 2024 when an awning of a newly reconstructed railway station in the northern city of Novi Sad collapsed, killing 16 people.

The disaster sparked nationwide protests by students and the opposition, who demanded accountability for those responsible, transparency in public procurement, an end to systemic ⁠corruption, and an ​early parliamentary vote.

The government repeatedly denied accusations by the protesters, although several ​officials, including two ministers, were arrested or resigned after the incident.

On Sunday, Vucic said he has granted amnesty and a pardon to 49 people, including 12 activists and 11 of ​his own supporters, who were arrested or tried in connection with the protests.

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Trump rejects Iranian proposal to open Hormuz and end fighting

WATCH: Trump speaks to reports about “fake media” and Iran proposal

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US President Donald Trump said on Saturday he had rejected an Iranian proposal to reopen the Strait of Hormuz and end ‌fighting in the Middle East, Reuters reported.

Iran raised the initiative at the UN General Assembly in New York, saying it had been transmitted to the Americans via Qatari mediators and that it could reopen the strategic waterway and put an end to hostilities in the region within seven days.

But in comments to reporters at the White House, Trump said: “I reject their proposal. … I rejected ​their deal.

“They want to make a deal to open the Hormuz Strait immediately because they’re losing so badly,” he said before leaving for Tennessee. “We’re ​winning tremendously.

“They want to make a deal and I think that’s fine, I like making a deal too. What they ⁠want to do is immediately open the Hormuz Strait … because they have no money coming in, because they get their money from the Hormuz Strait,” Trump said.

​The US has imposed an economic blockade on Iran to put pressure on Tehran to lift its blockade of Hormuz, which has drastically reduced shipping through the strait, ​even though Trump again asserted that the US had control of the waterway.

The Wall Street Journal first reported that Trump had rejected the Iranian proposal, citing unnamed US officials.

It said Trump was privately sceptical that Iran would meet his demands and had told his staff that he sees a renewed bombing campaign as likely after the November US midterm elections to Congress.

A ​US official had said earlier that discussions with Iran through mediators were “positive and constructive”.

The Iranians also engaged their Saudi rivals ​regarding the Strait of Hormuz, underscoring the stakes of a seven-month-old conflict that has disrupted oil flows through a critical shipping lane and taken a toll on the global economy.

Iranian ‌Foreign Minister ⁠Abbas Araqchi told reporters at the United Nations on Friday the proposed deal would trigger a seven-day countdown to reopening the strait and a pause in regional fighting, read the report.

“If there is seriousness on the US side to come to a deal and reopen the Strait of Hormuz, everything is now prepared,” Araqchi said. If the US were to agree, the warring parties could start wider talks “on mutually agreed subjects.”

That could potentially include discussions of Iran’s nuclear programme. Trump has said Tehran must never acquire ​a nuclear bomb, while a senior Iranian ​official told Reuters that Iran would show ⁠no flexibility over its nuclear programme even if the US accepted its peace deal.

Iran would grant no concessions over its rights, including enriching uranium or shipping its highly enriched uranium out of the country, the official said.

Iranian President Masoud Pezeshkian, in an interview ​with the CBS show “Face the Nation”, said Tehran was ready for talks on its nuclear programme and other issues, ​but would not accept “bullying ⁠or coercion”.

“Iran is not seeking war, but will defend itself against pressure, threats and attacks,” Pezeshkian said, adding that it had already agreed that “we’re not supposed to develop nuclear weapons”.

Previous attempts at diplomacy have failed to end the war, which began on February 28 with US and Israeli attacks, Reuters reported.

Since then the war has alternated between pauses and renewed ⁠strikes, killing ​thousands while degrading Iran’s conventional forces and damaging Iran’s already ailing economy.

Iran and its allies have ​retaliated by extending the conflict throughout the region. Iran has struck US allies in the Gulf with drones and missiles while its Houthi allies in Yemen have targeted Saudi interests.

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