60 Minutes · What to know about Trump's crucial China visit with Xi Jinping

1. 1. President Trump aims to open China to corporate America and secure significant economic and trade deals.
2. 2. A previous $250 billion deal in 2017 failed, leading to a trade war the following year.
3. 3. President Xi's 5-year plan prioritizes China dominating AI, science, technology, and green industries.
4. 4. President Xi seeks reduced US tariffs, eased semiconductor exports, and lifted sanctions on Chinese entities.
5. 5. The US and China now pursue "managed coexistence" and "managed trade" instead of tariff wars.