Jake Sullivan to Visit China Next Week for Potential Biden-Xi Meeting, Axios Reports
White House National Security Adviser Jake Sullivan is set to visit China next week to meet with Foreign Minister Wang Yi, according to Axios. The meeting is expected to lay the groundwork for a potential summit between U.S. President Joe Biden and Chinese President Xi Jinping later this year, following their California summit last November.
Sullivan's visit on August 27-29 comes at a crucial time, as the U.S. presidential campaign heats up with both Democratic candidate Kamala Harris and her opponent Donald Trump taking tough stances on China, particularly regarding tariffs.
The White House and the Chinese foreign ministry have not yet responded to requests for comment on the upcoming meeting.
Analysis:
This upcoming meeting between Sullivan and Yi could have significant implications for U.S.-China relations and global markets. A potential summit between Biden and Xi could impact trade policies, tariffs, and economic cooperation between the two countries. Investors should closely monitor any developments from this meeting, as it could provide insights into the future trajectory of U.S.-China relations and the potential impact on financial markets.