Story perspectives

U.S. and China Discuss Tariffs Ahead of Trump's Visit

3/16/2026

Summary

Story summary

In Paris, United States Secretary of the Treasury Scott Bessent and Chinese Vice Premier He Lifeng discuss tariffs, rare earth mineral exports, and high-tech export controls ahead of U.S. President Donald Trump’s March 31–April 2, 2025 visit to China.
The talks follow investigations into Chinese practices and Iran-related oil-price implications from the U.S.-Israeli war.
Analysts say the talks aim to stabilize relations and expect no major breakthroughs.

History

Historical Context

Since January 2018, escalating trade tensions between the U.S. and China have been marked by significant tariffs imposed by both nations. In 2018, President Donald Trump initiated tariffs on $250 billion worth of Chinese goods, citing unfair trade practices. The ongoing negotiations between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng aim to stabilize relations and address these disputes, which could reshape global trade dynamics.

1 of 2

Story summary

In Paris, United States Secretary of the Treasury Scott Bessent and Chinese Vice Premier He Lifeng discuss tariffs, rare earth mineral exports, and high-tech export controls ahead of U.S. President Donald Trump’s March 31–April 2, 2025 visit to China.
The talks follow investigations into Chinese practices and Iran-related oil-price implications from the U.S.-Israeli war.
Analysts say the talks aim to stabilize relations and expect no major breakthroughs.

1 / 2