Yet analysts say the Chinese leader is likely holding out for concrete deliverables before agreeing to the high-profile meeting. Trump dramatically escalated the trade war with the world's second-largest economy in April, rolling out sweeping new tariffs that prompted China to respond with its own export duties and other measures.

The White House puts a priority on doing business with Beijing as it prepares for bilateral talks next week.

GOBankingRates.com I Asked ChatGTP What Trump’s China Deal Means for the Middle Class — Here’s What It Said Lock in rates for mortgage and loans sooner rather than later as uncertainty may affect financial markets. Track CPI and Fed signals. These reflect tariff-driven inflation trends.