Trump-Xi Summit Key for Both Geopolitics, Consumer Pricing | U.S. News Decision Points
President Donald Trump will sit down this week in Beijing with Chinese leader Xi Jinping for a summit overshadowed by the Iran war. Geopolitics aside, the meeting could have major ramifications for everyone from American farmers to shoppers for cars and phones. Trump, who postponed his trip from late March to reckon with the new Middle East conflict, predicted in mid-April that Xi would give him “a big, fat hug when I get there in a few weeks,” adding: “We are working together smartly, and very well!” There almost certainly will not be a literal hug. But Xi is expected to roll out all of the pomp and pageantry he can muster for what will be the first state visit by a U.S. president since Trump went to Beijing in November 2017 amid tensions over the two superpowers’ economic ties. Those tensions still define what is often called the most important bilateral relationship in the world. With U.S. midterm elections barely six months away, Trump will be under pressure to deliver cost-of-living wins. And Xi …