Trump and Xi set November APEC summit meeting in Shenzhen
Trump and Xi to meet at APEC summit in Shenzhen this November amid ongoing trade negotiations.
Event / Geopolitics
Bilateral trade discussions and tariff agreements between United States and China, including product tariff reductions, trade truce extensions, and ongoing diplomatic engagement.
2026-09-24 to 2026-11-01 · UTC publication dates
Coverage begins 24 Sept, 11:35 UTC
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The United States and China reached a two-month extension of their broader trade truce agreement that was originally set to expire on November 10, extending it to January 2027.
US President Donald Trump and Chinese President Xi Jinping are scheduled to meet at the Asia-Pacific Economic Cooperation summit in Shenzhen in November 2026, with additional meetings planned at the Group of 20 summit in Florida in December.
Sectors of strategic importance to both countries, including semiconductors, electric vehicles, and batteries, were not covered under the tariff reduction agreement between the US and China.
The US and China established a Board of Trade in May to recommend more favorable tariffs on non-sensitive goods and to optimize bilateral trade. The board also launched a working group to address market access barriers in the agricultural sector.
Chinese President Xi Jinping conducted a three-day state visit to Washington, marking his first state visit to the United States since 2015. During the visit, Xi met with US President Donald Trump to discuss bilateral trade relations and other matters of mutual interest.
The United States is investigating China among 16 trading partners in a Section 301 probe focused on excess industrial capacity and could impose additional tariffs on China when the investigation concludes.
China agreed to cut tariffs on certain US agricultural goods including corn, wheat, meat, and dairy products as part of the tariff reduction agreement. However, soybeans, for which China is the largest buyer, were notably excluded from the list.
China's trade surplus reached a record level of $1.2 trillion in 2025. By August 2026, the surplus stood at approximately $800 billion, putting the annual surplus on pace to exceed the 2025 record.
During trade tensions between the US and China, US tariffs on Chinese products reached as high as 145% at one point in the previous year. The US subsequently reduced tariffs against China as tensions between the two countries eased.
The United States and China released reciprocal lists on September 27 covering approximately $30 billion worth of products each that will receive tariff reductions. The US list includes 1,619 items of exports to China such as agricultural commodities, personal care products, timber, and medical equipment. China's list covers 77 categories of imports from the US including fireworks, tableware, toys, glass ornaments, and other consumer goods. Tariff rates on over 90% of products will be subject to most-favored-nation levels, effectively eliminating country-specific tariffs.
China has accumulated a commercial surplus of nearly 200 billion dollars relative to the United States, demonstrating China's strengthened economic position compared to its situation during previous US-China tensions.
During Trump's second term, when the president threatened tariffs against China, Beijing responded by restricting exports of rare earth elements to the United States, which are essential for American industry and technology. This action forced Trump to reconsider his approach, leading to the commercial agreement that was eventually reached between the two countries.
The White House organized a formal state dinner on Thursday to welcome Chinese President Xi Jinping, featuring prominent American technology executives including Sam Altman (OpenAI), Jensen Huang (Nvidia), and Elon Musk (Tesla, SpaceX, X).
The United States and China agreed to extend their commercial truce through January 10, 2027, as announced by US Treasury Secretary Scott Bessent. The original agreement was set to expire on November 10, 2026. The extension provides additional time for both countries to pursue economic negotiations and resolve outstanding trade disputes that had previously resulted in escalating tariffs and trade restrictions.
Chinese President Xi Jinping stated that China and the United States should be 'partners rather than rivals,' emphasizing that the two countries share long-standing friendly exchanges and closely linked interests. He expressed hope for deep discussions on major bilateral issues and global matters, proposing that the two nations work together to foster a stable relationship with cooperation as the main pillar, competition within reasonable limits, manageable differences, and peaceful prospects.
Chinese President Xi Jinping arrived in Washington on the evening of September 23, 2026, for a three-day state visit. He was received by President Donald Trump at the airport with full ceremonial honors, including cannon salutes. This marked Xi's first visit to the United States in nine years, his previous visit occurring in Florida in 2017 during Trump's first term.
The bilateral discussions between Presidents Trump and Xi Jinping are scheduled to address several key areas: commerce and trade relations, technological competition particularly in artificial intelligence, and China's support for Iran. These topics represent significant points of friction between the two superpowers amid their broader competition across economic, technological, military, and strategic domains.
Beyond trade agreements, the United States and China face numerous points of friction including: Iran policy, Taiwan (which Beijing claims but Washington supports militarily), access to Chinese strategic mineral reserves, and competition in artificial intelligence development. These issues represent ongoing sources of tension in the bilateral relationship.
Scott Bessent, US Treasury Secretary, stated that China could be 'a little more zealous' in fulfilling the terms of the trade agreement, noting that China was 'a little behind' on purchasing American agricultural products as agreed under the commercial truce arrangement.
Trump and Xi to meet at APEC summit in Shenzhen this November amid ongoing trade negotiations.
US and China establish Board of Trade to institutionalize bilateral trade management and extend truce.
US-China tariff reduction framework targets $30 billion in reciprocal product cuts while protecting strategic sectors.
US-China disputes remain unresolved despite diplomatic engagement and extended trade frameworks.
US-China trade truce extended to January 2027 amid restrictions on rare earths and missed agricultural targets.
Xi visits Washington calling for US-China partnership while both sides discuss trade, technology, and regional security.