The relationship between Washington and Beijing is managed from the top. Since 2017 it has moved in a cycle: pressure builds, the two presidents meet, a truce is announced, and within months the measures resume. The meetings have prevented a break. They have not settled any of the disputes beneath them.
The wider rivalry and each side's full account: The United States and China.
Where it stands · September 2026
President Trump went to Beijing in May and invited Xi Jinping to the United States; that visit is being prepared, with the treasury secretary meeting his Chinese counterpart in mid-September. Beijing has said it may cancel if Washington approves new arms sales to Taiwan. Xi has meanwhile hosted the Russian president, visited North Korea and travelled to India for the BRICS summit.
What the dispute is about
What a summit is for. Washington uses meetings to extract purchases and concessions under the threat of tariffs. Beijing uses them to obtain stability and to be seen as an equal. Each leaves saying it got what it came for.
The price. China raises Taiwan at every meeting and asks for restraint on arms sales and on wording. American presidents want farm purchases, market access, action on fentanyl. Whether Taiwan is being traded is the question that America's allies watch.
Whether truces hold. Every one since 2018 has been overtaken by a new list, ban or tariff within a year.