US, China economic chiefs meet in Paris to clear path to Trump-Xi summit
Officials aim to resolve tariff, rare earth, and agricultural issues under the October 2025 trade truce to facilitate the upcoming Trump-Xi summit, with China meeting purchase commitments.
- On Sunday, U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng launched talks at the Organisation for Economic Co-operation and Development in Paris, beginning a new round to prepare for a Trump‑Xi summit later this month.
- Reviewing the October 2025 Busan trade truce, officials assess China’s soybean commitments of 12 million and 25 million tonnes to uphold relations.
- Agenda items include tariffs, rare earth minerals and magnets, export controls and agriculture, while Jamieson Greer, U.S. Trade Representative, and Scott Bessent brought a Section 301 investigation and forced‑labour probe.
- Legal constraints and geopolitical tensions mean prospects for a major breakthrough are limited due to shortened preparations and the U.S.-Israeli war with Iran, while China denounced probes and warned of countermeasures.
- With a Trump visit set for March 31 to April 2, these talks could restore confidence in the fragile global economy and ease rare‑earth supply issues affecting U.S. aerospace and semiconductor firms.
114 Articles
114 Articles
Potential U.S.-China Economic Breakthroughs on the Horizon
Potential U.S.-China Economic Breakthroughs on the Horizon U.S. and Chinese economic leaders have wrapped up pivotal negotiations in Paris, targeting agreements in agriculture and trade. These discussions, led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, highlight efforts to establish formal trade mechanisms that might be solidified during a prospective Trump-Xi summit in Beijing.During their six-hour meeting at t…
These discussions should pave the way for the official visit of US President Donald Trump to Beijing, where he will meet Chinese leader Xi Jinping.
This Sunday, the United States and China concluded the first day of a new round of economic and trade consultations at the OECD headquarters in Paris, which will resume this Monday to facilitate the trip of US President Donald Trump to Beijing to meet with his Chinese counterpart, Xi Jinping, at the end of March.
Paris talks lay groundwork for crucial Trump-Xi meeting in Beijing
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