Xi and Trump test the truce: tariffs, LNG and a meeting in Washington
Chinese President Xi Jinping arrives in Washington for talks with U.S. President Donald Trump. The meeting comes as the November 10 tariff truce is set to expire and amid discussions on resuming U.S. LNG deliveries. The U.S. is expected to delay new tariffs until the summit.
Sources
· 5Переговоры Си и Трампа проверяют хрупкое перемирие в торговой войне США и Китая
1Си Цзиньпин обсудит возобновление торговли СПГ с США на $6 млрд 24 сентября
2США, как сообщается, отложат пошлины против Китая до саммита Си и Трампа
3США и Китай обсудят снижение пошлин на саммите Трампа и Си 24 сентября
4Экс-торгпред США Фроман предупреждает: экспортные мощности Китая близки к пределу
5Key points
- The U.S. will delay new tariffs against China until the summit; it had previously planned to impose a 7.5% tariff on Chinese goods.
- China is ready to discuss resuming purchases of U.S. LNG worth $6 billion a year if the 15% Chinese tariff is removed.
- In early 2026, China's trade surplus grew by more than 20% after a record $1.2 trillion in 2025.
What happened
Talks between Chinese President Xi Jinping and U.S. President Donald Trump are scheduled for September 24 at the White House as part of a three-day state visit — the first by a Chinese leader in more than a decade. The U.S. is expected to delay announcing new tariffs against China and other trading partners until this summit; the administration had previously planned to publish a trade report recommending a 7.5% tariff on Chinese goods.
On the same day, Xi is ready to discuss resuming trade in U.S. liquefied natural gas worth $6 billion a year. Resumption depends on the removal of a 15% Chinese tariff that has blocked American gas since the first quarter of 2025.
What to watch
Before the talks, U.S. Treasury Secretary Scott Bessent will meet with Chinese Vice Premier He Lifeng. The Xi-Trump summit is set for September 24 in Washington; the tariff truce expires November 10.
Context
In the global LNG market, an additional factor is the Iranian missile strikes on Qatar's Ras Laffan complex in March, which destroyed 17% of Qatar's LNG export capacity.
What's Next
On September 24, Xi Jinping and Donald Trump will meet at the White House; before that, U.S. Treasury Secretary Scott Bessent will hold talks with Chinese Vice Premier He Lifeng. The tariff truce expires on November 10.
Related original articles
- 2h agoПереговоры Си и Трампа проверяют хрупкое перемирие в торговой войне США и КитаяAl Jazeera English
- 14h agoСи Цзиньпин обсудит возобновление торговли СПГ с США на $6 млрд 24 сентябряOilPrice
- 5d agoСША, как сообщается, отложат пошлины против Китая до саммита Си и ТрампаYahoo Finance