US and China Economic Chiefs Meet in Paris Ahead of Trump–Xi Summit

Top economic officials from the United States and China are set to meet in Paris to discuss key trade issues ahead of an upcoming summit between US President Donald Trump and Chinese President Xi Jinping.

The meeting is expected to be chaired by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. It will focus on resolving outstanding issues related to the trade truce signed between the two countries in October 2025.

Officials aim to reduce tensions and maintain dialogue as both nations prepare for the high-profile Trump–Xi summit expected to take place later in March.

Several major economic concerns are expected to be discussed during the Paris meeting.

These include US tariffs on Chinese goods, China’s supply of rare earth minerals to American industries, restrictions on high-tech exports, and China’s purchases of US agricultural products.

United States Trade Representative Jamieson Greer is also expected to participate in the meeting at the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris.

Analysts believe the talks may result in limited breakthroughs, as global political tensions continue to affect negotiations.

Experts suggest that both sides may focus primarily on keeping communication channels open and preventing further escalation in trade disputes rather than achieving a major agreement.

Another factor influencing the discussions is the ongoing conflict involving Iran and rising tensions in the Middle East.

The situation has pushed global oil prices higher and raised concerns about the security of the Strait of Hormuz, through which a large portion of China’s oil imports passes.

US officials have also introduced temporary measures, including a waiver allowing the sale of certain Russian oil shipments for a limited period.

The Paris discussions will also review progress under the Busan trade truce, which temporarily halted additional tariffs between the two countries.

While China has reportedly met commitments related to purchasing American soybeans, US industries remain concerned about limited access to rare earth minerals.

Rare earth materials are essential for advanced manufacturing sectors such as aerospace, electronics, and semiconductor production.

Meanwhile, US trade investigations into China’s industrial practices and labor policies could further complicate negotiations.

Chinese officials have criticized these investigations and warned that Beijing may take retaliatory actions if new tariffs are introduced.

The outcome of the Paris talks could play an important role in shaping the agenda for the upcoming Trump–Xi summit and the future direction of US-China economic relations.

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