Markets 
NEWYou can now listen to Fox News articles!
President Donald Trump welcomed Chinese President Xi Jinping to Washington this week, one day after signing a Greenland security agreement that, once in force, would bar non-NATO states such as China from establishing a military presence there, sharpening the Arctic-security backdrop to their face-to-face talks.
Xi’s three-day state visit unfolded against that backdrop, with Trump hosting a formal White House arrival ceremony, holding high-stakes talks, joining Xi for a tour of the National Archives and presiding over a state dinner attended by some of America’s most prominent technology executives.
A senior U.S. official told Fox News Digital that Trump and Xi discussed the economy, trade, “Super Intelligence” and cooperation on a range of shared priorities, though it remained unclear what concrete agreements emerged from behind closed doors.
TRUMP-XI REUNION COMES WITH UNFINISHED BUSINESS — AND A BIGGER BATTLE LOOMING
Trump has so far stopped short of announcing a concrete agreement from Xi’s Washington visit, a contrast to his May trip to Beijing.
Trump was already telling reporters before leaving China that the two countries had made “some fantastic trade deals,” even though the White House did not release its full economic deal package until two days after the summit.
Thursday’s state dinner drew 134 guests, including the two leaders and prominent technology figures such as Jensen Huang of Nvidia, Mark Zuckerberg of Meta, Lisa Su of AMD, Tim Cook of Apple, Sam Altman of OpenAI, Elon Musk of Tesla and SpaceX, Jeff Bezos of Amazon, Satya Nadella of Microsoft and Sundar Pichai of Google.
Christine Balling, senior vice president for professional affiliations at The Institute of World Politics, told Fox News Digital that inviting America’s top AI tycoons to Thursday night’s state dinner was a strategic move to show Xi that the United States is the world’s top dog in the AI race.
‘RED CARPET FOR A DESPOT’: TRUMP’S LAVISH XI WELCOME COLLIDES WITH GOP ANTI-COMMUNISM MESSAGE
“I think the significance of the timing of this meeting, whether it’s intentional or not, shows that the Trump administration is taking The future of AI and the world very, very seriously,” she said. “I think that is the most significant takeaway. But the bottom line is, I think the most important images were those of all of the AI techs who were invited to that state dinner.”
Greenland has emerged as a backdrop to Trump’s two meetings with Xi this year. Negotiations over an expanded U.S. security role there began months before Trump traveled to Beijing in May, while Trump renewed his public pressure over Greenland during the summer as his administration continued negotiations aimed in part at limiting Russian and Chinese influence in the Arctic.
Five days before Xi arrived in Washington, Trump announced a Greenland security agreement that was formally signed Sept. 22 and, once in force, would expand the U.S. military position while restricting Chinese military presence and certain sensitive investments in the territory.
China has had its eye on Greenland for years, especially as it looks to expand its role in the Arctic. Beijing has shown interest in Greenland’s infrastructure and natural resources, including its valuable rare earth and critical mineral deposits. U.S. officials have also pointed to past Chinese efforts involving a former U.S. naval base and airport projects as signs of Beijing’s broader ambitions in the region.
Balling is an expert in foreign policy, particularly in the Western hemisphere, and says Trump’s historic deal with Greenland struck a massive blow to China.
TRUMP DECLARES VICTORY IN HISTORIC DEAL WITH GREENLAND AS HE SECURES ‘PERMANENT’ US MILITARY RIGHTS
“Number one, that is a tremendous victory for the United States and frankly, the free world,” she said. “It means that the United States has the ability to establish two more bases at present. So we have a Space Force base … and now secured land, air, and sea rights across Greenland. We have the ability to screen out any other country who expresses interest in either establishing any sort of military presence and or investment.”
“That means that the United States and NATO allies are going to have first right of refusal when it comes to mining, and not only for rare elements, but also oil and gas and data centers.”
SECURITY EXPERT HAILS TRUMP’S GREENLAND PACT AS A ‘BIG DEAL’ ON PAR WITH ALASKA PURCHASE
China has long sought a larger Arctic role, declaring itself a “near-Arctic state” and promoting a “Polar Silk Road” encompassing commerce, research and resource development.
Balling argued that Beijing had reason to oppose the U.S.-Denmark-Greenland agreement because the United States remains heavily reliant on China for several critical-mineral supply chains.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
“I also have to say for all of those who were mocking the Trump administration and President Trump’s talk about buying or invading Greenland, they have an egg on their faces now,” she said. “I never for a moment thought that President Trump was serious about this. I think that what he was serious about, was exactly what was achieved in the agreement that was just signed.”
Read the full article here
