President Trump and President Xi meet in Washington to discuss trade truce

U.S. President Donald Trump and Chinese President Xi Jinping are meeting in Washington on September 24 to address ongoing economic tensions. The summit follows the arrival of the Chinese leader, who opted to travel to the capital instead of attending the UN General Assembly in New York. The primary objective is to discuss the future of the trade truce established in South Korea last October, which is currently scheduled to expire on November 10.

U.S. Trade Representative Jameson Greer and Treasury Secretary Scott Bessent indicate that the talks focus on stabilizing global trade chains and reducing non-tariff barriers. Officials are discussing a potential mutual reduction of tariffs on goods valued at 30 billion dollars, with China reportedly expressing willingness to lower tariffs on U.S. agricultural products. While expectations for a comprehensive agreement remain low due to persistent technological and geopolitical rivalry, both leaders seek to maintain stability as the U.S. faces inflationary pressures exacerbated by the war against Iran.