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Trump hosts Xi in US, extends tariff pause to Jan

President Donald Trump welcomed Chinese leader Xi Jinping for a three‑day summit, during which a trade‑pause agreement was lengthened to Jan. 10, amid low expectations for a broader deal.

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Elena Kovač · Central Banks Desk · 24 Sept 2026 · 04:53 · 1 min read
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Trump hosts Xi in US, extends tariff pause to Jan

President Donald Trump and First Lady Melania greeted Chinese President Xi Jinping and his wife at Joint Base Andrews in Maryland, marking the first time in eleven years that a U.S. president has received a foreign head of state on a military installation. The three‑day visit, the first by a Chinese leader in nearly three years, centers on trade, technology, Iran and Taiwan.

U.S. Treasury official Scott Bessent announced that the bilateral "Busan" agreement, which had been set to expire on Nov. 10, will be extended by two months to Jan. 10, keeping the current tariff suspension in place. Bessent told Fox News that the meeting also explored the possibility of a larger framework to replace a series of smaller steps.

Analysts see little chance of a sweeping breakthrough. Insiders expect Xi to reaffirm Beijing’s claim over Taiwan, while Trump is likely to maintain strict U.S. export controls despite Chinese objections. The talks could still produce limited outcomes, such as reduced tariffs in specific sectors, cooperation on drug‑smuggling interdiction and an expanded military dialogue.

Additional agenda items include the release of detained U.S. citizens in China and discussions on artificial‑intelligence collaboration, despite intense competition in the field. The summit will be accompanied by a state dinner on Thursday, attended by CEOs of major technology firms including Apple, Nvidia and OpenAI.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Elena Kovač
Central Banks Desk

Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.

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Trump hosts Xi, extends US-China tariff pause to Jan · Finance Review Daily