🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Trump invites China's Xi Jinping to attend inauguration, CBS News reports

Published 12/11/2024, 07:14 PM
Updated 12/11/2024, 09:13 PM
© Reuters. U.S. President Donald Trump and China's President Xi Jinping shake hands ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo

WASHINGTON (Reuters) -U.S. President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, CBS News reported on Wednesday, citing multiple sources.

The invitation to the Jan. 20 inauguration in Washington occurred in early November, shortly after the Nov. 5 presidential election, and it was not clear if it had been accepted, CBS reported.

The Chinese embassy in Washington did not immediately respond to a request for comment.

Trump said in an interview with NBC News conducted on Friday that he "got along with very well" with Xi and that they had "had communication as recently as this week."

It would be unprecedented for a leader of China, a top U.S. geopolitical rival, to attend a U.S. presidential inauguration.

Trump has named numerous China hawks to key posts in his incoming administration, including Senator Marco Rubio as secretary of state.

The president-elect has said he will impose an additional 10% tariff on Chinese goods unless Beijing does more to stop trafficking of the highly addictive narcotic fentanyl. He also threatened tariffs in excess of 60% on Chinese goods while on the campaign trail.

In late November, China's state media warned Trump that his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world's top two economies into a mutually destructive tariff war.

Separately on Wednesday, China's U.S. Ambassador Xie Feng read a letter from Xi to a U.S.-China Business Council gala in Washington, in which the Chinese leader said Beijing was prepared to stay in communication with the U.S.

"We should choose dialogue over confrontation and win-win cooperation over zero-sum games," Xi said in the letter.

© Reuters. U.S. President Donald Trump and China's President Xi Jinping shake hands ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo

Xie added that the two countries should not decouple supply chains. But Nicholas Burns, the U.S. ambassador to Beijing, said in a prerecorded video address that China at times tried to "sugar coat" challenging and competitive relations.

"No amount of happy talk can obscure our profound differences," Burns said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.