China, US Seeking Deal As Trump-Xi Meeting Upcoming
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A Chinese government spokesperson said that the United States is working on a deal for reciprocal tariff reductions.
The reductions will be on $30 billion worth of goods.
China and the U.S. hope to reach an agreement on lowering import taxes soon, a Chinese government spokesperson said Thursday, fueling expectations that an announcement could come when the leaders of the two countries meet in two weeks.
Negotiators are striving to implement reciprocal tariff reductions on $30 billion worth of goods “at an early date,” Commerce Ministry spokesperson Huang Ling said at a weekly briefing.
The $30 billion will be from each side, China’s official Xinhua News Agency said.
Trump and Xi are set to meet on September 24th at the White House.
They will discuss various major subjects during the meeting.
On September 24th, 2026, American President Donald Trump and Chinese President Xi Jinping will engage in direct talks at the White House that could change, or merely reveal, the state of the world’s energy transition and the geoeconomic battlegrounds for energy dominance. Despite low expectations of success, Xi will bring an unusually large business delegation and appears ready to talk business. The agenda contains many flashpoint issues, including Taiwan, national defense, trade, tariffs, and also critical minerals and energy.
While some issues such as Chinese industrial overcapacity and tariffs are likely to yield only a stalemate, with both sides equally incalcitrant, that does not mean the talks are doomed. The international components of energy and critical minerals refining, combined with shared environmental incentives, mean that if any progress happens, it is likely to be here.
