G2 without illusions: what Trump and Xi really decided in Beijing

G2 without illusions: what Trump and Xi really decided in Beijing

Photo: EPA

The long-awaited visit of U.S. President Donald Trump to Beijing has finally taken place — and it looked nothing like his 2017 trip, when the United States remained the uncontested global hegemon, Syria dominated the security agenda, and Russia’s full-scale aggression in Europe was still years away.

This time, Trump arrived in China burdened by the collapse of Washington’s mediation efforts between Ukraine and Russia, ongoing uncertainty surrounding the U.S.-Israeli war against Iran, domestic legal setbacks over his tariff policies, and worsening relations with many traditional allies. His administration has also begun withdrawing troops from Europe, deepening divisions within NATO, while simultaneously pulling the United States out of dozens of international organizations.

Against this backdrop, China has emerged as perhaps the main geopolitical beneficiary of global instability. Beijing has steadily positioned itself as a defender of economic order and predictability while expanding ties with countries seeking alternatives to Washington’s increasingly erratic trade policies.

Over the past year, Chinese leader Xi Jinping hosted leaders from Europe, Asia, and Latin America, many of whom traveled to Beijing seeking new trade opportunities and greater economic diversification. As the U.S. escalated tariffs and trade disputes, even close American allies began strengthening commercial ties with China.

Shortly before Trump’s arrival, Beijing prohibited Chinese companies from complying with U.S. sanctions against Iran and expanded non-dollar payment mechanisms with Southeast Asian partners. These moves reinforced China’s long-term strategy of reducing dependence on the American financial system.

Despite speculation ahead of the summit, the meeting produced only limited concrete outcomes. China reportedly agreed to purchase around 200 Boeing aircraft — fewer than Washington had hoped for — while also considering increased imports of American oil, soybeans, and beef. Both sides emphasized the importance of keeping the Strait of Hormuz open and preventing Iran from acquiring nuclear weapons.

Taiwan remained one of the most sensitive issues during the talks. Beijing reiterated its opposition to Taiwanese independence, while Trump avoided making any public commitments on the matter.

Chinese analysts described the summit as a step from “tactical stability” toward “strategic stability” in U.S.-China relations, though many observers view such assessments as overly optimistic. No breakthrough was achieved on technology competition, artificial intelligence, or broader rules governing geopolitical rivalry.

The summit also fueled anxiety among U.S. allies in East Asia, particularly Japan, which fears being left alone to counterbalance China if Washington reduces its regional presence. Analysts warn that such a scenario could destabilize the entire Indo-Pacific region.

Ultimately, the Beijing meeting demonstrated that behind the diplomatic symbolism and carefully staged public gestures, both powers remain guided primarily by pragmatic national interests. The strategic ambiguity that has shaped U.S.-China relations since the era of Nixon and Mao remains firmly intact.

During the summit, Xi invoked the concept of the “Thucydides Trap,” questioning whether China and the United States could avoid direct confrontation and build a new model of relations between great powers. Yet the central question remains unresolved: what kind of world order would emerge from a true G2 system dominated by Washington and Beijing?

The next chapter in that debate is expected in September, when Xi Jinping is scheduled to visit the United States.

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