Key facts
- President Donald Trump will make an announcement from the Oval Office at 2:00 PM ET on September 28.
- The White House released US-China trade lists recommending nearly $30 billion in goods from each country for reduced tariff treatment.
- US products on China’s list include agricultural items, coal, timber, and medical equipment.
- Chinese goods on the US list feature household items, textiles, fishing, and artificial flowers.
- An announcement related to a meeting with Anthropic CEO Dario Amodei is also anticipated.
- Trump rejected Iran’s proposal to reopen the Strait of Hormuz.
President Donald Trump is scheduled to deliver an announcement from the Oval Office today at 2:00 PM ET, according to the White House. The announcement is expected to touch on US-China trade relations and artificial intelligence policy.
The White House released the U.S.-China Board of Trade “30-for-30” lists, which recommend nearly $30 billion in goods from each country for potential reduced tariff treatment. US products on China’s list include agricultural items, coal, timber, and medical equipment, while Chinese goods on the US list feature household items, textiles, fishing, and artificial flowers. Officials described the framework as a step toward more stable, balanced trade following a recent truce extension. Trump called his meeting with Chinese President Xi Jinping “tremendous progress” and “incredible.”
Speculation also suggests the announcement may relate to a recent dinner with Anthropic CEO Dario Amodei, who has previously clashed with the administration over AI safety and military uses. This meeting occurred shortly before Tuesday’s “Golden Age” event in Washington, D.C., which is expected to host figures like Elon Musk, Nvidia’s Jensen Huang, Anthropic co-founder Tom Brown, and Palantir’s Shyam Sankar.
In other developments, Trump rejected Iran’s proposal to reopen the Strait of Hormuz but anticipates talks resuming this week. Markets have shown mixed reactions to these geopolitical events, with oil prices surging. Futures tied to US indexes and Bitcoin slipped lower as the 10-year US Treasury yield climbed above 5.2%, and the US dollar index wavered near $101 amid expectations of a Federal Reserve rate hike. Bitcoin price fell sharply after Trump rejected Iran’s proposal and due to jitters surrounding the upcoming Oval Office announcement.