US and Chinese officials met in New York on September 20, 2026, at the JPMorgan Chase headquarters to prepare for a summit between President Donald Trump and President Xi Jinping.
The US delegation included Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, while Chinese Vice Premier He Lifeng led the Chinese team.
Key topics included AI safety and governance, critical mineral trade, and the expiration of the current trade truce on November 10, 2026, which was originally negotiated in Busan in October 2025.
Previous agreements from the May 2026 Beijing summit included the creation of trade and investment boards and reciprocal tariff reductions on $30 billion worth of goods.
China previously pledged to increase annual agricultural purchases by at least $17 billion through 2028 and made commitments regarding Boeing aircraft.
The current trade discussions address a portion of the total annual bilateral trade, which is estimated at approximately $700 billion.
