Many applauded the Biden-Xi meeting, but one strategist is skeptical about what it means for trade

The intimately watched meeting betwixt the leaders of the world's 2 largest economies was seen arsenic a affirmative motion for the aboriginal of a narration mired successful tensions that person hurt planetary growth, but not overmuch alteration is expected for trade, said 1 strategist.

For the archetypal clip since taking office, U.S. President Joe Biden sat down successful a face-to-face gathering with his Chinese counterpart Xi Jinping for implicit 3 hours, a symbolic determination hailed by galore arsenic a positive sign.

But it's improbable that commercialized tensions betwixt the 2 superpowers volition spot factual betterment anytime soon, according to BMO Wealth Management.

"I wouldn't expect immoderate easing astatine all," Yung-yu Ma, the firm's main concern strategist, told CNBC's "Squawk Box Asia," adding that commercialized ties are, connected the contrary, apt to deteriorate.

He expects the U.S. to denote adjacent much measures connected apical of the the recently imposed spot export restrictions to China.

"I bash deliberation the inclination is for really expanding exertion restrictions and export restrictions," helium said.

The rules, publicized successful aboriginal October, were imposed by the U.S. Department of Commerce. According to the United States, specified precocious semiconductors tin beryllium utilized by China for precocious subject capabilities.

"I deliberation its going to stay a hard clip for immoderate clip to come," helium said. "I deliberation it'll stay a challenging relationship."

Ma said immoderate attempts to deviate from the existent way of imposing much restrictions would apt beryllium met with crisp disapproval from the American public.

"I deliberation domestically, successful the U.S., if immoderate party, whether it's the president oregon the Republican Party that pushed for the easing of those restrictions, determination would beryllium immoderate beauteous swift home backlash against that," helium said.

A caller Pew Research canvass shows a increasing bulk of Americans perceive China's subject power arsenic a occupation for the United States, with astir fractional of respondents categorizing it arsenic "very serious."

But the talks betwixt Xi and Biden, which included an statement to proceed dialog done unspecified plans for U.S. Secretary of State Antony Blinken to sojourn Beijing, were wide received with optimism.

"The gathering really went overmuch amended than what I would person ever, what galore radical would person ever, expected," strategist John Rutledge astatine backstage concern steadfast Sanafad said connected CNBC's "The Exchange," joining the chorus of analysts who person applauded the meeting.

Craig Allen, the president of the U.S.-China Business Council, emphasized that immoderate dialog is amended than nary astatine all.

"We've been calling for an precocious dialog for a agelong clip and a three-and-a-half hr dialog is simply a large start," helium said. "Talking is overmuch amended than not talking."

Allen besides emphasized the value of the nationalist effect from the respective countries connected the bilateral talks.

"There's besides a home governmental constituent to this arsenic good successful some countries," said Allen. "Both leaders were speaking to each different but besides to their home audiences."