With US-China relations on a tightrope, Biden and Xi’s rendezvous is more important than ever
It has been a year since President Xi and President Biden last met, and it’s hard to overstate just what a rollercoaster US-China relations have been on since then.
The fact this meeting is happening at all is the result of months of delicate planning.
But for all the “tough-line”, “hard-man” images that both men try to broadcast domestically, there is a mutual recognition of one key fact: it would cost more, both politically and economically, to allow relations to spiral.
Why now?
It was just nine months ago that US-China relations hit what felt like rock bottom as the so-called Chinese spy balloon was shot down over the US, plunging their diplomacy into crisis.
Please use Chrome browser for a more accessible video player
Moment ‘spy balloon’ is shot down
The vast backdrop of disagreements from Taiwan, the Indo-Pacific, the Ukraine war, tech controls and economic sanctions meant the relationship felt as precarious and as dangerous as it had in decades.
But the summer has seen a blitz of diplomatic efforts to try to repair things, with multiple meetings of officials at various levels.
Both sides know the window for progress is narrow.
Come next year, Taiwan’s presidential election will likely inflame tensions, and then the inevitable anti-China sentiment that will accompany the US election cycle will no doubt make things worse.
The time to play statesmen and to push for their interests is now!
What do they want?
Don’t be under any illusion, both Biden and Xi are coming to this table with immense amounts of scepticism about the other’s intentions.
Any meaningful breakthrough is highly unlikely.
What they both seek is a degree of what’s being called “tactical stabilisation” – a pause in deterioration that will allow each to pursue its interests in a more predictable environment.
On the US side, there is an understanding that only a meeting of the top men will unlock the Chinese system to enable cooperation on some of the “easier” issues like climate change and global health.
There is also a hope that military-to-military talks might be able to restart after being shut down following former Speaker Nancy Pelosi’s controversial visit to Taiwan last year.
From China’s perspective, a pause in deterioration gives it the space to continue to build up its economic and military strength to better compete going forward.
The visuals are also important to Xi Jinping domestically.
It has not been a brilliant year for him, with a chaotic end to his hated zero COVID policy, a faltering economy and deteriorating relations with multiple western countries. Being seen to be able to manage this crucial relationship is important to casting himself as a competent statesman.
So what will they discuss?
There are so many disagreements likely to be raised, but these are the top three on the list:
Please use Chrome browser for a more accessible video player
China and US meet to ease tensions
Territorial claims and military tension
Perhaps top of the long list of issues between them is China’s increasingly assertive behaviour in contested areas that it claims as its own.
Most prominent is Taiwan, the self-governing island that China sees as a breakaway province. Xi has expressed multiple times his desire to “reunify” Taiwan, Biden has promised to defend it.
The other arena where tensions are rising is the South China Sea.
China claims the vast majority as its international waters, despite rival claims from the Philippines and others. In 2016, an international arbitral tribunal ruled overwhelmingly in favour of the Philippines.
However, in recent months there have been frequent confrontations between Chinese and Filipino vessels, and here too the US has reiterated its commitment to support the Philippines.
Please use Chrome browser for a more accessible video player
Boats from China and Philippines collide
The US claims that in both areas China’s behaviour is becoming increasingly aggressive and, in some cases dangerous. It has released videos of Chinese jets flying hair-raisingly close to US ones, in one recent case, just 10ft away.
The Americans say the risk of accidents and escalation is grave.
China, for its part, says that it is US conduct that is the dangerous force. It sees American presence in these regions as blatant provocation in its backyard.
These are deeply intractable issues, the best that might be hoped for is some sort of agreement to an offramp for if things ever escalate.
Global conflicts
The two leaders will also discuss the two major ongoing global conflicts in Ukraine and the Middle East.
In both, they have taken a drastically different tact.
When it comes to Ukraine, China has attempted to portray itself as a neutral peacemaker, one of the only nations with the ability to talk to both sides.
The reality, though, is that Xi has made no secret of his growing closeness to Putin and has quietly been providing Russia with finance, technology and diplomatic cover.
Xi has made no secret of his growing closeness to Putin. Pic: AP
Meanwhile, in the Middle East, it has called for a ceasefire and peace, but it has stopped short of directly condemning Hamas for the 7 October atrocities and state media has taken a decidedly pro-Palestinian tone.
In both cases, China’s approach is in stark opposition to America’s, and it has criticised its rival for its full-throated support for both Israel and Ukraine and the supply of military assistance.
At root, both have an interest in the other not gaining advantage or influence off the back of the outcomes of these conflicts.
Tech and economic sanctions
There is still a raft of restrictions on technology and economic sanctions that exist between them.
Just in the last month, new ones have been announced on both sides, with China restricting US access to graphite (a crucial component in making batteries) and the US further restricting Chinese access to semiconductors.
The aim on both sides is to hinder the other’s ability to develop in key areas such as AI. But this trade war hurts them both as they remain major trading partners and the two economies are highly reliant on each other.
Xi in particular has a need to mitigate these issues.
Amidst a flagging economy, he is trying to woo foreign investment back to China and is expected to meet with US business leaders while in San Francisco.
A smooth summit might help him stave off, at least temporarily, more US restrictions and it may help shore up the confidence of some foreign businesses spooked by the imposition of state-centric restrictions and raids on a handful of China-based US businesses.
The man suspected of shooting dead two Israeli embassy workers in Washington DC leaned over and fired at them repeatedly after they fell to the ground, the FBI has said.
Elias Rodriguez, 31, has been charged with murdering Sarah Milgrim and her boyfriend Yaron Lischinsky, after they left an event at the Capital Jewish Museum on Wednesday night.
Israeli PM attacks Starmer – latest updates
Footage has showed Rodriguez, from Chicago, chanting “free, free Palestine” as he was arrested.
It later emerged Mr Lischinsky had bought a ring and planned to propose to Ms Milgrim.
Authorities are investigating the killings as both a hate crime against the Jewish community and terrorism.
Please use Chrome browser for a more accessible video player
Shootings suspect shouts ‘free Palestine!’
‘I did it for Gaza’
It comes as the FBI has said in a charging document on Thursday that surveillance footage shows how Ms Milgrim and Mr Lischinsky died.
Rodriguez is allegedly seen passing the couple after they left the museum before shooting them in the back.
The FBI says the footage then shows him leaning over the couple and firing at them several more times after they fell to the ground.
The video then shows Ms Milgrim attempting to crawl away before “(Rodriguez) followed behind her and fired again”, the charging document says.
The suspected gunman is then accused of reloading his weapon and firing at Ms Milgrim as she sat up.
According to the charging document, Rodriguez then jogged to the museum and once inside asked to speak to a police officer before stating that he “did it” and that he was unarmed.
He is then said to have told police: “I did it for Palestine, I did it for Gaza, I am unarmed.”
Please use Chrome browser for a more accessible video player
DC shooting: Father pays tribute to ‘perfect’ daughter
Suspect ‘expressed admiration’ for fatal protest
The court document also states that 21 expended 9mm bullet cases were found at the scene and the gun was slide-locked – meaning it was empty of ammunition.
An empty gun magazine was also recovered from the scene.
The FBI says it has obtained travel records which show Rodriguez flew from Chicago’s O’Hare International Airport to the Reagan National in Washington DC on Tuesday with the gun in his checked baggage.
Rodriguez had bought the weapon in the state of Illinois on 6 March 2020, according to the charging document.
The FBI has said that while Rodriguez was in custody he “expressed admiration” for a US Air Force member who set himself on fire in front of the Israeli embassy in Washington DC on 25 February 2024.
Aaron Bushnell died in the apparent act of protest against the war in Gaza.
Rodriguez also told police he bought a ticket to the museum around three hours before the event that was attended by Ms Milgrim and Mr Lischinsky.
Read more:
Why Trump will worry about attacker being glorified
Please use Chrome browser for a more accessible video player
Starmer ‘on wrong side of history’
During a brief court appearance at the E. Barrett Prettyman Federal Courthouse in Washington DC today, Rodriguez was charged with two counts of first degree murder and with the murder of foreign officials.
He has also been charged with causing the death of a person through the use of a firearm and discharge of a firearm during a crime of violence.
Rodriguez was told he could face life in prison or the death penalty if he is found guilty.
He remained calm throughout the hearing, paying attention to the proceedings throughout and confirmed that he is asking the court to appoint an attorney on his behalf.
He will next appear at a federal court in Washington DC on 18 June.
Murdered couple ‘were perfect for each other’
Meanwhile, Ms Milgrim’s father, Robert, says he feared his daughter might be in danger when he saw news alerts of a fatal shooting in Washington DC.
Ms Milgrim’s mother Nancy opened a phone locator app and saw Ms Milgrim was at the Capital Jewish Museum.
“Shortly after that, the Israeli ambassador called us on my wife’s phone,” Mr Milgrim told Sky News’ partner network NBC News, fighting back tears.
He added that it was the ambassador who told them Mr Lischinksy had bought a ring and was planning to propose to Ms Milgrim.
“They were perfect for each other, he said.
Mr Milgrim continued: “They just brought us joy, and her memory, which is a blessing, will continue to bring us joy – but it’s not the same as her not being here.”
Donald Trump hosted a dinner for investors in his meme coin on Thursday, as critics warned the US president was putting personal profit first.
Some 220 of the biggest investors in the $TRUMP meme coin descended on the exclusive dinner at Mr Trump’s private country club in Northern Virginia.
As the US president arrived, more than a hundred protesters at the Trump National Golf Club held signs that included “America is not for sale”, “stop crypto corruption” and “release the list”.
Massachusetts senator Elizabeth Warren described the dinner, where the US president spoke for about half an hour before dancing to the song YMCA, as an “orgy of corruption”.
Donald Trump leaves the White House to attend his own meme coin gala. Pic: Reuters/Evelyn Hockstein
Access to the dinner, and the president, was earned by purchasing enough of his $TRUMP meme coin to secure a seat.
The White House insisted Mr Trump would attend the event “in his personal time”, but the lectern he stood behind had the presidential seal.
NBC News reported that during his remarks, Mr Trump did not unveil any new crypto policies but spoke in support of a potential bitcoin reserve and then left promptly afterward.
In total, investors spent an estimated $148m (£110m), with the top 25 holders of the coin spending more than $111m (£82.56m), according to crypto intelligence firm Inca Digital.
A company controlled by the Trump family, and a second firm, hold 80% of the remaining $TRUMP coins and have so far earned $320.19m (£238.14m), including at least $1.35m (£1m) after the dinner announcement, according to blockchain analytics firm Chainalysis.
‘Trump a very successful businessman,’ says White House
According to blockchain analysis, more than half of the 220 holders who attended the black-tie event are likely based outside the US.
This has led to claims the US president has auctioned off access to himself to foreign investors for personal gain.
In response to criticisms about Mr Trump using his office to enrich himself from the meme coin, White House press secretary Karoline Leavitt said: “All of the president’s assets are in a blind trust, which is managed by his children.
“And I would argue, one of the many reasons that the American people re-elected this president back to this office is because he was a very successful businessman before giving it up to publicly serve our country.”
Protesters gather outside Trump National Golf Course ahead of the dinner.
Pic: Reuters
Trump arrives back at White House after attending the crypto dinner. Pic: AP/John McDonnell
Who was on the guest list?
One of those attending was China-born crypto entrepreneur and billionaire Justin Sun.
He won first place in the dinner contest with his $18.5m (£13.76m) wallet of the Trump meme coin and is the largest publicly known investor in the family’s crypto platform – which has made them hundreds of millions of dollars.
Mr Sun posted videos of himself visiting parts of the White House complex on Wednesday, and on Thursday of Mr Trump at the dinner event.
In February, the US Securities and Exchange Commission paused a 2023 fraud case against him, citing public interest.
Demonstrators protest near Trump National Golf Club before the arrival of the president.
Pic: AP/Rod Lamkey Jr
However, the identities of the majority of the coin holders attending the event remain unknown.
Of those going, one was simply known as Ogle, a crypto security specialist who appears in video interviews with his face covered by a bandana and sunglasses.
He says this is to protect his identity.
Read more:
Why Trump’s South African farmer claims are inaccurate
Trump administration accepts $400m plane as gift from Qatar
👉 Follow Trump100 on your podcast app 👈
Even some pro-Trump crypto voices worried his personal involvement may hurt efforts to establish credibility.
“It’s distasteful and an unnecessary distraction,” said Nic Carter, a Trump supporter and partner at the crypto investment firm Castle Island Ventures.
“We would much rather that he passes common sense legislation and leave it at that.”
The event was capped off with an after-party, called “Meme The Night,” thrown by a Singapore-based meme-coin engagement company called MemeCore.
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoStory injured on diving stop, exits Red Sox game
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway