President Trump begins two days of meetings with Chinese President Xi Jinping this week, even as years of tariffs, tech restrictions and pressure on allies have failed to isolate Beijing. China's global trade surplus is on track to hit a record $1.2 trillion in 2025, and it has expanded trade ties and rare-earth leverage worldwide while exports to the U.S. fell. Meanwhile, Trump's disputes with traditional U.S. allies over tariffs and defense spending have left some countries more hesitant to align firmly with Washington against China.
cnbc.com
· 2026-09-23
Ahead of a Washington summit between Trump and Xi, analysts say the trade truce reached in May is being fulfilled unevenly across its three main commitments: China's soybean purchases, its pledge to buy 200 Boeing jets, and the resumption of rare earth magnet exports after a 12-month suspension of export controls. Delivery on some commitments remains difficult to verify, according to analysts tracking the deal.
cnbc.com
· 2026-09-23
Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng in New York to discuss economic and trade issues, including AI, tariffs and rare earths, ahead of a planned summit between President Trump and Chinese President Xi Jinping in Washington. U.S. Trade Representative Jamieson Greer also joined the discussions, which Bessent described as laying the groundwork for the leaders' meeting.
cnbc.com
· 2026-09-20
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