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US, China economic chiefs meet in Paris to clear path to Trump-Xi summit

The talks aim to ease export controls, expand agricultural trade, and stabilize the tariff truce ahead of the Xi-Trump summit, with progress closely monitored by global markets.

  • At the OECD in Paris, U.S. Treasury Secretary Scott Bessent, Chinese Vice Premier He Lifeng, and U.S. Trade Representative Jamieson Greer are participating in negotiations until March 17.
  • The Busan trade truce is the talks' core focus, with the Paris round meant to stabilise commitments and smooth obstacles from that deal as part of a 2025 consultation sequence starting in Geneva.
  • Agenda items include access to rare earths and agricultural purchases such as 12 million metric tonnes of U.S. soybeans, while negotiators address tariffs and export controls.
  • Global markets and policymakers are closely watching as the Iran war lifts oil prices and raises risks to China's imports through the Strait of Hormuz, increasing urgency to avoid trade clashes.
  • U.S. probes — a Section 301 inquiry and a forced‑labour investigation covering 60 countries — could lead to tariffs or restrictions and complicate Paris talks, amid legal and tariff shifts including a Section 122 surcharge, China's Ministry of Commerce said.
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Just over two weeks before US President Donald Trump's planned trip to China, the two countries are resuming their trade and economic talks. According to both sides, US finance minister Scott Bessent plans to meet Deputy Chinese Prime Minister He Lifeng on Sunday and Monday in Paris. Trump's Trade Commissioner Jamieson Greer is also expected to attend the meeting.Trump plans to travel to China from March 31 to April 2 and meet President Xi Jinpi…

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The Express Tribune broke the news in Pakistan on Saturday, March 14, 2026.
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