Presidents Trump and Xi met in Washington on September 24 2026 and extended their temporary trade truce - which lowered US tariffs and suspended Beijing's rare-earth and critical-mineral export controls - by two months to January 10 2027. Bloomberg described it as buying time, with neither side able to afford a fight, and pushed tariffs, Chinese purchases, rare-earth supply and technology restrictions into the next round. US export controls on advanced Nvidia chips were not changed; the state dinner hosted Jensen Huang, Lisa Su, Sam Altman, Satya Nadella and other AI executives. Xi said China supports the US and Iran returning to the June 14-point memorandum of understanding.