US and China: coal, LNG and tariffs ahead of Washington summit
The White House said China agreed to import at least 10 million tons of American coal next year and again in 2028. The US and China extended their trade truce until January 10, and Xi Jinping is ready to discuss resuming LNG trade worth $6 billion a year.
Sources
· 5США заявляют, что Китай купит 10 млн тонн угля в 2027 и 2028 годах
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
4Выборочные закупки Китаем американской продукции испытывают торговое перемирие перед саммитом
5Key points
- China agreed to import at least 10 million metric tons of coal from the US next year and again in 2028.
- The parties will seek more favorable tariffs on goods worth $30 billion from both countries.
- Xi Jinping is ready to discuss resuming trade in American LNG worth $6 billion a year, contingent on the removal of the 15 percent Chinese tariff.
- The US is expected to delay announcing new tariffs against China until the summit; a recommendation for a 7.5% tariff had been planned earlier.
What happened
The White House said China agreed to import at least 10 million metric tons of coal from the United States next year and again in 2028. The sides will also seek more favorable tariffs on goods worth $30 billion from both countries under an agreement reached within the newly created US-China Trade Council.
Xi Jinping will arrive in Washington on September 24 and is ready to discuss resuming trade in American liquefied natural gas worth $6 billion a year. Resumption depends on the removal of the 15 percent Chinese tariff that has blocked American gas since the first quarter of 2025.
What changed
The mimile.kz archive previously reported that the United States and China were discussing mutual tariff reductions of about $30 billion, including American energy products and agricultural goods. Now the White House is announcing a specific commitment by China to import at least 10 million tons of American coal next year and again in 2028, and the sides' effort to secure more favorable tariffs on $30 billion in goods.
Who's affected
China agreed to import at least 10 million tons of coal next year and again in 2028, and Xi Jinping is ready to discuss resuming trade in American LNG worth $6 billion a year. China has fulfilled more than half of its commitment to purchase 25 million tons of American soybeans this year, while progress on the $17 billion commitment for other American agricultural goods has largely stalled.
What's Next
Official presidential talks at the White House are scheduled for September 24; the trade truce has been extended until January 10.
Related original articles
- 9h agoСША заявляют, что Китай купит 10 млн тонн угля в 2027 и 2028 годахYahoo Finance
- 3d agoПереговоры Си и Трампа проверяют хрупкое перемирие в торговой войне США и КитаяAl Jazeera English
- 3d agoСи Цзиньпин обсудит возобновление торговли СПГ с США на $6 млрд 24 сентябряOilPrice
- 3d agoСША и Китай продлили торговое перемирие до 10 января, заявил БессентCNBC Technology
- Sep 18США, как сообщается, отложат пошлины против Китая до саммита Си и ТрампаYahoo Finance