Senior U.S. and Chinese economic officials began two days of high-level talks in Paris on Sunday, aiming to smooth tensions in their fragile trade truce and prepare the ground for a planned meeting between President Donald Trump and President Xi Jinping in Beijing later this month.
The discussions, led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, lasted more than six hours at the OECD headquarters and will continue on Monday. Key issues include U.S. tariffs, Chinese exports of rare earth minerals, American technology export restrictions, and China’s purchases of U.S. agricultural products.
Officials gave little insight into the tone of the talks, and Chinese delegates left without speaking to reporters. Analysts say expectations for a breakthrough remain modest, but both sides appear eager to prevent tensions from escalating. The meeting is also expected to address global concerns, including rising oil prices and disruptions linked to the conflict involving Iran.
