1622 ET - Ahead of a potential meeting between President Trump and Chinese leader Xi Jinping, Goldman Sachs CEO says there's a need for a better working relationship between the two economic powerhouses. "We believe there is a roadmap for more meaningful dialogue," David Solomon writes in a letter to shareholders. "Given how entwined they are, it is important that the US and China reach a new modus vivendi, not just for the next 12 months, but rather for the next 10 to 20 years." Solomon also calls for better economic collaboration between European countries following a European Union proposal to create a united market for financial services. "Until Europe's 27 countries begin to act as an economic union, their geopolitical leverage will be limited, and the world will be worse off for it," he writes. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

March 20, 2026 16:22 ET (20:22 GMT)

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