US President Trump and Chinese President Xi Jinping reached an agreement during their summit to keep the Strait of Hormuz open and for the US to purchase oil from China. China warned the US of collision risks if it mishandled the Taiwan issue, emphasizing a partnership with the US while referencing the ‘Thucydides Trap.’ Commercial deals, including a Boeing 200-plane purchase agreement and a surge in Nvidia’s stock price, also highlighted active economic exchanges between the two countries.