Trump and Xi concluded a strategic summit (23–25 September), extending trade truce by two months to 10 January 2027 and positioning for further talks in Shenzhen (APEC, 18–19 November) and Miami (G20, 14–15 December). Both leaders framed competition as "constructive," with AI governance under ongoing discussion. US also coordinating with EU on China's trade surplus and manufacturing overcapacity; Section 301 investigation may trigger tariff increases, with downstream impact on Thailand and other trade partners.