China extends tariff and export-control pauses on US as Shenzhen summit nears
China extended its pause on a 24% additional tariff on US imports by two months on Monday, while keeping a 10% rate. Several related suspensions were prolonged too.
Trump said on Sunday he expects to meet both Xi and Putin during his China trip for the APEC summit in Shenzhen on 18 and 19 November, while Beijing only says it is in communication with the parties. China extended its 24% tariff pause by two months on Monday.
The idea is a three-way meeting of the leaders of the United States, Russia and China, the world's major nuclear powers. It is floated for the APEC summit in Shenzhen, China, in November 2026.
China extended its pause on a 24% additional tariff on US imports by two months on Monday, while keeping a 10% rate. Several related suspensions were prolonged too.
Trump said he expects to meet Xi Jinping and Vladimir Putin during his trip to China next week. Beijing says only that it is in communication with the parties.
China has extended the suspension of its 24% tariff on US imports by two months, Reuters reports. The report was published on Monday; no further details were available.
France says Europeans will be at the US-mediated Ukraine talks in Abu Dhabi on Tuesday and Wednesday. Trump says ending the war could change Ukraine's borders.
Top US and Chinese trade officials held a video call, reported on Saturday, ahead of a planned summit between the two countries' leaders. Washington accuses Beijing of breaching the Busan trade deal, while Beijing voiced serious concerns over US restrictions.
The US has warned China that it must "immediately" meet the terms of the Busan trade deal, saying Beijing is not fulfilling commitments to increase the supply of rare earths and other critical products, according to the Financial Times. On Friday, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a video call with Vice-Premier He Lifeng to finalise preparations for the Trump-Xi summit in Shenzhen.
China's commerce ministry says it is open to buying more US agricultural products. It wants reciprocal tariff cuts covering $30bn worth of products on each side to be implemented first.
Beijing said on Wednesday that it is in communication with the parties about a meeting of the Chinese, Russian and US leaders. It would be the first such trilateral meeting.
Kremlin spokesman Dmitry Peskov said on Tuesday that work is ongoing to arrange a meeting of Donald Trump, Vladimir Putin and Xi Jinping on the sidelines of the APEC summit in Shenzhen in November, according to TASS. The Financial Times reports that Trump travels to Shenzhen in two weeks, and TASS says Beijing has the leading role in preparing the meeting.