Greer says three- to six-month trade truce extension possible
Trump and Xi are due to meet in Washington on September 24 to discuss trade, rare earths and artificial intelligence.
Published
U.S. Trade Representative Jamieson Greer said a three- to six-month extension of the trade truce with China is possible.
The comment comes as U.S. and Chinese officials held a second day of trade talks in New York on Monday, focused on artificial intelligence and investment, with no concrete outcomes announced. Trump and Xi are due to meet in Washington on September 24 to discuss tariffs, trade and critical minerals.
China's dominance of rare-earth magnets is shaping the talks. JL Mag Rare Earth is planning up to 20,000 tons of extra annual capacity by 2028 as Washington pushes for more supply. Trump is also expected to decide this week on a U.S.-China artificial intelligence deal, alongside the Treasury-level trade talks and the planned summit with Xi.
A three- to six-month extension would ease near-term tariff uncertainty and give both sides more room to negotiate, supporting the risk assets that have rallied on hopes for a softer trade stance. With copper near record highs, energy prices elevated, and markets pricing in progress on tariffs and critical minerals ahead of the summit, a structured pause would favor continued strength in equities and in commodities tied to Chinese demand.