U.S. President Donald Trump will welcome Chinese leader Xi Jinping next week for their second meeting this year, with the September 24 summit focused on stabilizing a relationship strained by trade, Taiwan, Iran and artificial intelligence. Xi will make his first White House visit in a decade as China’s economy heads toward a $1 trillion trade surplus for a second consecutive year. Trump, dealing with the Iran war and low approval ratings, is seeking trade agreements he can present to Americans facing higher prices. Markets will watch whether the two sides extend a tariff truce due to expire on November 10. The arrangement followed an October summit in South Korea and paused a trade conflict in which tariffs threatened by both countries exceeded 100%. U.S. Trade Representative Jamieson Greer said the countries would announce measures involving agriculture and non-tariff barriers, while traders are looking for progress on a mutual tariff reduction covering $30 billion in goods. Potential agreements could include Chinese purchases of Boeing aircraft and U.S. agricultural products, alongside negotiations over advanced technology, rare earths and critical minerals. Trump and Xi are also expected to discuss the Iran war, China’s economic ties with Tehran, Taiwan and a pending U.S. arms package worth up to $14 billion, artificial intelligence cooperation, and efforts to restrict fentanyl precursor chemicals from China. Analysts see limited scope for substantive AI cooperation because of intense U.S.-China competition, while any U.S. shift in language on Taiwan could face opposition in Congress and concern among Asian allies.