Next Round of U.S.-China Trade Talks Expected in 2–3 Months

Next Round of U.S.-China Trade Talks Expected in 2–3 Months

U.S. trade officials will hold another round of talks with their Chinese counterparts within the next two or three months to discuss the future of the economic relationship between the two countries, according to Treasury Secretary Scott Bessent.

This announcement comes shortly after both sides agreed to extend a temporary pause on tariffs for an additional 90 days, avoiding the implementation of steep duties on each other’s goods.

Bessent said Chinese President Xi Jinping had invited Trump to a meeting, but one had not been scheduled. “There’s no date,” Bessent said. “The president hasn’t accepted yet.”

Trump stated earlier this month that the U.S. and China were “getting very close to a trade agreement” and that he would meet Xi before the end of the year “if a deal was struck.”

Bessent also noted that the U.S. would need to see “months, if not quarters, if not a year” of progress on reducing fentanyl flows before considering any tariff reductions on Chinese imports.

U.S. officials have accused China of failing to adequately control the export of precursor chemicals used in the production of fentanyl, a leading contributor to overdose deaths in the United States. China has pushed back against those claims, defending its efforts and accusing the U.S. of attempting to “blackmail” them over the issue.

In February, Trump imposed 20% tariffs on Chinese imports due to the fentanyl dispute. Those tariffs remain in effect, along with an additional 10% base tariff, despite a fragile trade pause reached between both countries in May.

Leave a comment

Your email address will not be published. Required fields are marked *