US-China tariff reduction talks advance ahead of summit
Bloomberg reports that Washington and Beijing are discussing significant tariff cuts on goods including American energy and agricultural products, strengthening prospects for extending the trade truce ahead of next week's summit. The scope and timing of any deal remain uncertain, but progress signals a potential de-escalation in the trade conflict.
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US-China High-Level Economic Diplomacy Ahead of Xi-Trump Summit
US and Chinese trade chiefs, including Treasury Secretary Bessent and Vice Premier He Lifeng, are confirmed to meet this weekend in Washington for preparatory talks ahead of the September 24 Xi-Trump summit. Discussions are confirmed to include tariff reductions, with claims of specific cuts on US energy and agricultural products. The inclusion of Iran's financial relations with Tehran on the agenda is also confirmed.