Trump Intensifies Push for U.S.-China Economic Deal Ahead of Renewed Trade Talks
U.S. President Donald Trump is increasingly prioritizing the pursuit of a broad economic agreement with China aimed at expanding access for American companies, according to a report by The Wall Street Journal on Friday.
The report comes just ahead of a new round of trade negotiations between Washington and Beijing. Citing sources familiar with internal White House discussions, the WSJ noted that Trump is pressing China for further economic concessions.
The Trump administration has recently shown a more open stance toward tech-related trade, encouraging China to purchase more American technology. This includes lifting export restrictions on chipmaking and artificial intelligence products—most notably allowing Nvidia (NASDAQ: NVDA) to resume sales of its H20 AI chip to China.
In response, China has resumed shipments of critical rare earth minerals since late June.
Earlier this year, the U.S. and China agreed to significantly reduce some of their mutual tariffs and signed a preliminary trade framework in May and June. However, both countries are now pushing for a more comprehensive agreement. The U.S. still maintains steep tariffs—ranging from 30% to 50%—on a wide array of Chinese goods.
Trump stated earlier this week that he may meet with Chinese President Xi Jinping soon and remarked that relations between the two countries were “very good” at present.
