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Markets

Trump and Xi to meet in Washington on September 24 for summit

Published 18 September 2026

U.S. President Donald Trump and Chinese President Xi Jinping are set to meet in Washington on September 24 for a summit focused on stabilizing a relationship strained by trade disputes, the war in Iran, tensions over Taiwan, and competition in artificial intelligence. The meeting, Xi's first White House visit in a decade, comes as both leaders seek diplomatic wins amid domestic pressures. A central issue is the future of a tariff truce announced after a Trump-Xi summit in South Korea in October 2025. The truce, which paused a trade war with tariffs exceeding 100 percent, is set to expire on November 10. Markets are watching for signs of an extension. The two countries are reportedly in talks to reduce tariffs on certain goods totaling around $30 billion as a prelude to the summit, with a focus on U.S. agricultural imports. The Trump administration is also expected to delay announcing new tariffs on trading partners' alleged excess manufacturing capacity until after the summit, according to a report citing people familiar with the matter. The reason for the delay is unclear. U.S.

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