Paris
\nTop US and Chinese economic officials are set to launch a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a \u200bsmooth path for US President Donald Trump\u2019s trip to Beijing to meet with Chinese President Xi Jinping at the end of March.
\nThe discussions, led by US Treasury Secretary Scott Bessent and Chinese \u200cVice Premier He Lifeng, are expected to focus on shifting US tariffs, the flow of Chinese-produced rare earth minerals and magnets to US buyers, American high-tech export controls and Chinese purchases of US agricultural products.
\nThe two sides will meet at the Paris headquarters of the Organisation for Economic Cooperation and Development, a source familiar with their planning said. China is not a member of the club of 38 mostly wealthy democracies and considers itself a developing country.
\nUS Trade Representative Jamieson Greer will also join the talks, which continue a string \u200bof meetings in European cities last year aimed at easing tensions that threatened a near collapse of trade between the world\u2019s two largest economies.
\nUS-China trade analysts said that with little time to prepare and Washington\u2019s \u200battention focused on the US-Israeli war with Iran, prospects for a major trade breakthrough are limited, in Paris or at the Beijing summit.
\n\u201cBoth sides, I think have a minimum goal of having a meeting, which sort of keeps things together and avoids a rupture and re-escalation of tensions,\u201d said Scott Kennedy, a China economics expert at the Center for Strategic and International Studies in Washington.
\nIran war oil concerns
\nThe US-Israeli war on Iran will likely come up at the Paris talks, especially in reference to the spike in oil prices and the closure of the Strait \u200bof Hormuz, through which China gets 45% of its oil.
\nBessent on Thursday night announced a 30-day waiver of sanctions to allow the sale of Russian oil stranded at sea in tankers, a move to raise supplies.
\nOn Saturday, Trump urged other nations to \u200bhelp protect shipping in the Strait of Hormuz, after Washington bombed military targets on Iran\u2019s Kharg Island oil loading hub and Iran threatened to retaliate.
\n\u201cMeaningful\u201d progress in Sino\u2011US economic cooperation could restore confidence to an increasingly fragile global economy, China\u2019s state-run Xinhua news agency \u200csaid in a commentary on Sunday.
\nTrade truce review
\nThe two sides are expected to review their progress in meeting commitments under the October 2025 trade truce declared by Trump and Xi in Busan, South Korea. The deal forestalled a major flare-up in tensions, trimmed US tariffs on Chinese imports, and paused for a year China\u2019s draconian export controls on rare earths. It also paused the expansion of a US blacklist of Chinese companies banned from buying high-technology US goods such as semiconductor manufacturing equipment.
\nChina also agreed to buy 12 million metric tons of US soybeans during the 2025 marketing year and 25 million tons in the 2026 season, which will start with the fall harvest.
\nUS officials, including Bessent, have said that China has \u200bso far met its commitments under the Busan deal, citing soybean purchases that met initial goals.<\/p>\n","protected":false},"excerpt":{"rendered":"
Paris Top US and Chinese economic officials are set to launch a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a \u200bsmooth path for US President Donald Trump\u2019s trip to Beijing to meet with Chinese President Xi Jinping at the end of March. The discussions, …<\/p>\n","protected":false},"author":4,"featured_media":95158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-95142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/95142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=95142"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/95142\/revisions"}],"predecessor-version":[{"id":95159,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/95142\/revisions\/95159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/95158"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=95142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=95142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=95142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}