Trump-Xi Meeting: JPMorgan Predicts Framework Agreement for Further Negotiations

Central News Agency (CNA) — (Taipei, May 9) U.S. President Trump is scheduled to visit China from May 14 to 15, where he will meet with Chinese President Xi Jinping. JPMorgan predicts that the Trump-Xi meeting may reach a framework agreement for further negotiations, and China may agree to large purchases of U.S. soybeans and other agricultural products, as well as Boeing aircraft, crude oil, and natural gas, to maintain the current tariff status. The Hong Kong Economic Times previously cited a report from the renowned U.S. investment bank JPMorgan, reporting the above. First, the report points out that both sides strongly hope to quickly resolve the Middle East conflict, reopen the Strait of Hormuz, and ease other potential strategic choke points. The second important issue may be the mutual restrictions between China and the U.S. in the competition for critical minerals and high-tech products. One focus is whether the Trump administration is willing to further relax export controls, allowing China to acquire advanced semiconductors, in exchange for China easing rare earth export controls. As for whether the U.S.-China talks will touch upon NVIDIA's more powerful Blackwell B100, B200, and B300 chips, it remains to be seen. Trade is undoubtedly a key focus of the Trump-Xi meeting. The report states that multiple rounds of high-level U.S.-China talks have progressed slowly with no substantial breakthroughs, especially given that the U.S. Supreme Court's ruling on the International Emergency Economic Powers Act (IEEPA) weakened the U.S. position and the U.S. requested China's assistance in reopening the Strait of Hormuz. It is expected that the Trump-Xi meeting will reach a framework agreement for further negotiations rather than a comprehensive trade agreement. China may agree to large purchases of U.S. soybeans and other agricultural products, as well as Boeing aircraft, crude oil, and natural gas, to maintain the current tariff status. In addition, the report believes that the RMB shows a clear tendency for gradual appreciation. If the U.S.-China meeting is fruitful and achieves substantial results, the USD/RMB exchange rate may reach 6.5. Another investment bank, Citigroup's report, also states that the upcoming U.S.-China meeting may accelerate the resolution of the Middle East conflict and help promote further appreciation of the RMB and stock market gains. The economic agenda of both sides should help strengthen the short-term stability of bilateral relations, but cannot reverse structural disadvantages. (Edited by Chou Hui-ying / Chen Kai-yu) 1150509. Choose to stand with facts, your every sponsorship is the power to protect press freedom. Download the CNA "First-hand News" APP to stay updated with the latest news. The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.