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News|Trade WarUS, China hold trade talks in Paris to clear path to Trump-Xi summitThe world’s two largest economies are trying to hash out trade issues as US President Donald Trump is expected to visit China this month.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng convened at the Organisation for Economic Cooperation and Development in Paris to address trade issues between the United States and China. These discussions precede a summit between…

DBy Daniel BrooksMar 15, 20261 min read

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng convened at the Organisation for Economic Cooperation and Development in Paris to address trade issues between the United States and China. These discussions precede a summit between US President Donald Trump and Chinese President Xi Jinping, scheduled in Beijing later this month.

The talks will center on several key economic topics including:

Adjustment of US tariffs Flow of Chinese-produced rare earth minerals and magnets to the US US high-tech export controls Chinese purchases of US agricultural products

The discussions come after a period of reduced tensions following a meeting between Trump and Xi in Busan, South Korea, in October. However, recent US investigations into Chinese industrial practices have introduced new uncertainties.

These discussions precede a summit between US President Donald Trump and Chinese President Xi Jinping, scheduled in Beijing later this month.
Daniel Brooks · Thehackingpost

The Paris meeting is expected to set the stage for Trump's visit to China from Mar 31 to Apr 2, although official confirmation from Beijing is pending. Additional meetings between Trump and Xi are anticipated later this year during the China-hosted APEC summit in November and the US-hosted G20 summit in December.

Impact of US-Israel Conflict with Iran

The US-China talks occur amid global economic instability influenced by the US-Israel conflict with Iran, affecting energy markets and oil prices, particularly due to the closure of the Strait of Hormuz. China, a significant importer of oil through this strait, is closely monitoring the situation.

In response to the current crisis, Bessent announced a 30-day waiver on sanctions for the sale of Russian oil stranded at sea, aiming to stabilize oil supplies. The US has also called for international cooperation to safeguard shipping routes in the Strait of Hormuz.

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Analysts note that while substantial progress in trade negotiations may be unlikely due to the current geopolitical focus, maintaining dialogue is crucial to prevent escalation and foster ongoing cooperation.

Based on reporting by Al Jazeera.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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