🇨🇳President Trump in Washington, his first state visit to the US capital since 2015.

AI is on the agenda, but expectations for a major deal are low.

So far, the US has proposed a way for both countries to alert each other about AI incidents that threaten national security.

Traders are also watching whether Trump and Xi extend the trade truce, which expires Nov 10, and make progress on tariffs and rare earth exports.

Also on the table: US arms sales to Taiwan and China’s pledges to buy more American farm goods and Boeing jets.