# Trump-Xi summit: Tariffs, rare earths and Iran at stake

> Trump and Xi face tariff talks as rare earths and Iran tensions threaten Sept 24 summit
- Title: Trump-Xi summit: Tariffs, rare earths and Iran at stake
- Summary: Trump and Xi face tariff talks as rare earths and Iran tensions threaten Sept 24 summit Current tariffs at 22.8% for Chinese goods could be reduced but Iran…
- Keywords: china, tariffs, rare earths, iran, trump, summit, white house, trade, trade talks, tariff reduction, Trump-Xi, rare
- Source: Malay Mail — https://malaymail.com/news/world/2026/09/17/tariffs-rare-earths-and-iran-what-could-make-or-break-the-trump-xi-summit-on-sept-24/235500
- Published: 2026-09-17T21:00:00+00:00
- Read time: 1 min
- Topics: us, china, tariffs, rare earths, iran, trump, xi, summit, white house, trade, trade talks, tariff reduction
## Current tariff levels
US tariffs on Chinese goods now average 22.8%, with steel and aluminium at 40.5%.
## Trade imbalance
China exports make up 75% of US-China trade, creating a significant trade surplus for Beijing.
## Tariff reduction talks
Both sides aim to reduce tariffs on $30 billion worth of goods through a framework agreement.
## Rare earths leverage
China controls rare earths supply chains, using them to pressure US tariff rates.
## Iran tensions
China's support for Iran raises concerns about military intelligence sharing with US forces.
## AI competition
US accuses Chinese AI labs of stealing capabilities from US firms on an industrial scale.
## Summit timing
Trump hosts Xi for the first time in 11 years ahead of November midterm elections.
## Trade surplus impact
China's trade surplus with US has been a major concern for Washington since 2018.
## Diplomatic leverage
Xi has met with Putin and Modi recently, strengthening China's diplomatic position.
## US election stakes
Trump seeks Chinese guarantees for US agricultural exports ahead of November elections.
## Key takeaway

Current tariffs at 22.8% for Chinese goods could be reduced but Iran ties and rare earths remain key hurdles