China to hold rare DC trade talks; Trump warns of 200% tariffs over rare earth exports | investingLive

China will send senior trade envoy Li Chenggang to Washington this week, its first talks in the U.S. capital in years, amid efforts to strengthen dialogue during the tariff truce. Li will meet U.S. officials and business leaders to discuss soybeans, fentanyl tariffs, and tech restrictions, against a backdrop of Trump’s fresh threat of 200% tariffs if China curbs rare earth exports.

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China will send senior trade official Li Chenggang to Washington, marking the first negotiations in the U.S. capital in years as part of efforts to build regular communication during the trade truce. Li, a close aide to Beijing’s top negotiator He Lifeng, will meet deputies of USTR Jamieson Greer, Treasury officials, and U.S. business leaders, the WSJ reported.

The talks follow May’s tariff deal that rolled back U.S. duties on Chinese goods to 30% from 145% and cut Chinese tariffs on U.S. goods to 10% from 125%. That truce was extended in July. Negotiators have also convened in Europe in recent months to ease tensions.

In Washington, Li is expected to discuss U.S. soybean purchases, fentanyl-linked tariffs, and restrictions on technology sales to China. The backdrop remains tense, with Trump threatening “200% tariffs or something” if Beijing restricts rare earth exports.