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US, China economic chiefs meet in Paris to clear path to Trump-Xi summit

Officials aim to resolve tariff, rare earth, and agricultural issues under the October 2025 trade truce to facilitate the upcoming Trump-Xi summit, with China meeting purchase commitments.

  • On Sunday, U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng launched talks at the Organisation for Economic Co-operation and Development in Paris, beginning a new round to prepare for a Trump‑Xi summit later this month.
  • Reviewing the October 2025 Busan trade truce, officials assess China’s soybean commitments of 12 million and 25 million tonnes to uphold relations.
  • Agenda items include tariffs, rare earth minerals and magnets, export controls and agriculture, while Jamieson Greer, U.S. Trade Representative, and Scott Bessent brought a Section 301 investigation and forced‑labour probe.
  • Legal constraints and geopolitical tensions mean prospects for a major breakthrough are limited due to shortened preparations and the U.S.-Israeli war with Iran, while China denounced probes and warned of countermeasures.
  • With a Trump visit set for March 31 to April 2, these talks could restore confidence in the fragile global economy and ease rare‑earth supply issues affecting U.S. aerospace and semiconductor firms.
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Senior US and Chinese officials met this weekend in Paris to try to resolve the trade disputes that led to a global battle in 2025.

·Paris, France
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CGTN broke the news in Beijing, China on Saturday, March 14, 2026.
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