The United States and China together generate over 42% of global GDP. This makes them anchors of global supply chains that stand disrupted by the geopolitics of protracted conflicts in Europe and the Middle East. These have unleashed volatility in global commodity markets threatening life and livelihoods around the world.
But the Trump-Xi summit is not going to aspire for any utopian end of their rivalry. At best, the two may acknowledge to each other that their rivalry has become structural and must now be managed from both the sides.