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Trump-Xi 24 Sep Washington agenda: tariff truce, Boeing, rare earths

Reuters (17 Sep 2026) says President Trump will host Xi Jinping in Washington on 24 Sep, Xi's first White House visit in a decade and their second meeting this year. Markets will watch whether last October's tariff truce, set to expire 10 Nov, is extended, plus any progress on a mutual tariff cut covering about $30 billion of goods, Boeing purchases, and rare-earth licence flow.

Reuters (17 Sep 2026) reports Trump will welcome Xi on 24 September in Washington, following Trump's May trip to Beijing. Xi arrives as China is on track for a second straight year of a $1 trillion trade surplus, Reuters says. USTR Jamieson Greer said this month the countries will make some announcements on agriculture and non-tariff barriers, and traders will watch a previously agreed mutual tariff reduction covering about $30 billion in goods.

The same report says markets will watch for an extension of the tariff truce announced after the October 2025 Trump-Xi meeting in South Korea, currently set to expire on 10 November. That pause followed tit-for-tat tariffs that, Reuters writes, topped 100%. China said after the May summit it would buy 200 more Boeing jets, which Boeing called an initial tranche. Washington wants Beijing to ease rare earth and critical mineral shipments; Beijing wants a further delay of a US rule that would bar thousands of Chinese firms from advanced US technology.

Treasury Secretary Scott Bessent is due to meet Vice Premier He Lifeng this weekend, with Iran-related financial ties also on the leaders' agenda. Reuters notes AI talks and fentanyl precursor flows as further files. This brief does not treat any of those as settled policy.

Source: Reuters

Topics

  • tariffs
  • us-china
  • rare-earths
  • procurement

Xinhua: 140th Canton Fair opens in Guangzhou; Premier Li Qiang keynotes opening up; 30,000+ exhibitors, ~340,000 overseas buyers

Xinhua (14 Oct 2026, Guangzhou) reports that Chinese Premier Li Qiang delivered a keynote at the opening ceremony of the 140th China Import and Export Fair (Canton Fair). He said China will keep expanding high-standard opening up and will import more high-quality, high-value-added products. This edition gathers more than 30,000 exhibiting companies and about 340,000 overseas buyers. Phase 1 runs 15-19 Oct in Guangzhou, with later phases through 4 Nov.

GACC via NBD: China September exports $447.18bn (+36.3% YoY); imports $313.65bn (+31%); Jan-Sep exports +21.3%

National Business Daily (14 Oct 2026), citing General Administration of Customs (GACC) data, reports that in US-dollar terms China's September 2026 exports were USD 447.18 billion, up 36.3% year on year, and imports were USD 313.65 billion, up 31%. For January to September, exports totaled USD 3,370.7 billion (+21.3%) and imports USD 2,432.58 billion (+27.5%). The same day's SCIO/GACC briefing (China News) put September trade in yuan at RMB 5.16 trillion (+27.5%), the first month above RMB 5 tri

China News: Ningbo-Zhoushan rail-sea intermodal tops 1.6m TEU in Q1-Q3 (+8.5%); September sets monthly record

China News Service (14 Oct 2026, Ningbo), citing Zhejiang Seaport Group, reports that Ningbo-Zhoushan Port handled more than 1.6 million TEU of rail-sea intermodal cargo in the first three quarters of 2026, up 8.5% year on year. September alone exceeded 200,000 TEU, a monthly record. New products include a Middle East rail-sea train from Yiwu, domestic water-rail 'one-document' links, a Yiwu-Qinzhou domestic train, and an Aksu export train with Xinjiang 'one box to the end' export mode.

People's Daily/Jiefang Daily: Shanghai Port hits monthly record 5.135m TEU in September (+6.2%)

People's Daily Shanghai (13 Oct 2026), citing Jiefang Daily, reports Shanghai Port handled 5.135 million TEU in September 2026, up 6.2% year on year and a new monthly record. Mingdong Terminal set its own round-the-clock record at 30,056 TEU in a day. After typhoons Bavi, Dolphin and Sadr, SIPG said it cleared backlog ships with customs, maritime and border support, tightened export gate-in and transshipment flows, and cut non-working waits. Over National Day Golden Week the port handled 1.15 mi

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