Trump-Xi Summit to Focus on Trade Compliance Rather Than New Deals

US Trade Representative Jamieson Greer has tempered expectations for the upcoming Trump-Xi summit, set to take place in September 2026. The meeting is expected to focus on assessing China's compliance with existing trade commitments rather than negotiating new deals.

The rare-earth mineral export restrictions are one of the key items under review. China had agreed to delay these restrictions for an additional year, which could provide some relief to crypto miners and hardware manufacturers who rely on these exports.

The US-China goods trade deficit has been shrinking, falling to $202 billion in 2025 - its lowest level since 2004. This decline is attributed to a reduction in China's share of US imports, which now stands at around 9%, the lowest since China joined the World Trade Organization in 2001.