Who's meeting and why it matters
Jamieson Greer is set to be in New York on Sunday for discussions with Chinese counterparts, according to his office. He will join other officials, including U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, with the aim of laying the groundwork for a high-profile Sept. 24 meeting in Washington between President Donald Trump and President Xi Jinping. The agenda is about smoothing the runway for the leaders, not grabbing headlines this weekend.
The recent backchannel
Bessent and He last sat down in person near Seoul about four months ago, just days before Trump's May trip to Beijing. That meeting is part of a steady series of contacts designed to narrow differences before the Washington summit.
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What to watch for next
People familiar with the matter say Washington has pushed back any new tariff announcement tied to claims that trading partners have too much manufacturing capacity until after the leaders meet. Meanwhile, Bloomberg reported that the U.S. and China have been working on lowering tariffs on American energy and agricultural exports as part of a broader effort to lift barriers on roughly $30 billion in less sensitive goods on each side under a deal shaped at the last leaders summit. If that sticks, it could mean a little less friction for commodities and related supply chains, and a little more clarity for anyone with exposure to those sectors.
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