Xi-Trump summits must leave businesses with greater clarity, not less

AI Summary

Ahead of Xi-Trump summits, the article argues that businesses need clearer guidance on what cross-border activity can proceed, what remains conditional and what could be blocked. It cites US export-licence delays affecting an aircraft supplier and long approval waits for Citi’s securities business in Shanghai as examples of policy uncertainty.

An aircraft supplier can have parts ready and a customer waiting yet be unable to ship while Washington holds up its licence. In Shanghai, Citi has approval to establish a securities business after years of waiting. Companies must invest, sign contracts and move production while the two governments negotiate. A board needs to know what can proceed now, what remains conditional and what could stop the business after the money has been spent. Chinese President Xi Jinping and US President Donald...