Greer says US and China reach deal on a subset of goods, details due Monday
USTR Greer described a "managed trade situation" between the two countries, with terms to follow at the start of next week
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UpdateFriday, September 25, 2026 at 8:55 AM ET
Greer said export controls and national security matters are not part of the current round of US-China trade talks. The talks that produced the goods agreement, he said, covered a narrower set of issues, separate from the harder disputes over chip exports and security policy. Greer added that the Trump-Xi discussions had also touched on artificial intelligence, Taiwan and Iran, with both sides restating positions they already held.
UpdateFriday, September 25, 2026 at 8:55 AM ET
Greer said export controls and national security matters are being kept off the table in the current round of talks.
UpdateFriday, September 25, 2026 at 8:50 AM ET
Greer's characterization now includes the word "progress," describing the US-China relationship as a managed trade situation with progress. Xi Jinping also said the two countries had found a common understanding on many issues, beyond his earlier comment about candid talks. The current truce extension runs to January 10, the deadline investors have been trading on since the Trump-Xi meeting.
US Trade Representative Jamieson Greer said the United States and China have reached agreement on a subset of goods the two countries can trade, describing it as a "managed trade situation." He said full details will be released Monday.
The announcement follows a visit between Xi Jinping and Donald Trump that ended with a two-month extension of their trade truce, though it produced no breakthrough on tariffs or Taiwan. Xi said afterward that he and Trump had held candid talks and reached consensus on many issues.
Greer's description formalizes a shift both sides have been signaling for the past week, with Xi and Trump each pointing to a new consensus and a reset in relations. The trajectory has moved toward managed coexistence rather than escalation, though the concrete terms will not arrive until Monday.
Markets have already priced in much of that goodwill, which means the substance of Monday's release, not the fact of an agreement, will be what moves prices from here.