Overview

• Beijing’s negotiators asked Washington to relax national‑security limits on Chinese deals and to lower tariffs on imported inputs for any Chinese‑built U.S. factories, according to people familiar with the talks.
• The pitch surfaced during September negotiations in Madrid where both sides also reached a framework to keep TikTok operating in the United States.
• Xi Jinping later urged President Donald Trump by phone to create conditions for Chinese enterprises to invest in the U.S., and a summit in South Korea is planned for October.
• The size and structure of any pledge remain uncertain, though one figure floated earlier this year was about US$1 trillion, and models discussed range from joint ventures to U.S.-controlled arrangements.
• The White House has offered no specific commitments as congressional China hawks warn against easing curbs and past CFIUS actions underscore barriers to Chinese investment in sensitive sectors.