US, China open high-level talks ahead of Trump-Xi summit
News Source
β’Sun, 20 Sep 2026 19:42:13 +0000
π° What Happened
Top officials from the United States and China met in New York on Sunday. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng began talks at JPMorgan's Manhattan headquarters.
US Trade Representative Jamieson Greer also took part. The talks came four days before President Donald Trump is due to host Chinese President Xi Jinping at the White House.
Bessent said he looked forward to focused and helpful talks. He said the meeting would set the stage for the two leaders' summit later this week.
π The Backstory
The two countries have been locked in a trade fight for years. Last November they reached a truce in Busan, South Korea, that capped some tariffs.
That truce is due to run out on November 10. Both sides want deals on trade, artificial intelligence and critical minerals.
The US and China are the world's two biggest economies. Their choices affect prices and jobs far beyond their own borders.
π― Why It Matters
Any deal or fresh trade fight between the US and China can change prices for everyday goods. It also affects jobs in both countries and how the world handles new technology.
Top officials from the United States and China met in New York on Sunday. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng began talks at JPMorgan's Manhattan headquarters.
US Trade Representative Jamieson Greer also took part. The talks came four days before President Donald Trump is due to host Chinese President Xi Jinping at the White House.
Bessent said he looked forward to focused and helpful talks. He said the meeting would set the stage for the two leaders' summit later this week.
The two countries have been locked in a trade fight for years. Last November they reached a truce in Busan, South Korea, that capped some tariffs.
That truce is due to run out on November 10. Both sides want deals on trade, artificial intelligence and critical minerals.
The US and China are the world's two biggest economies. Their choices affect prices and jobs far beyond their own borders.
Any deal or fresh trade fight between the US and China can change prices for everyday goods. It also affects jobs in both countries and how the world handles new technology.