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US and China Hold First Trade Board Meeting
Officials began implementing trade commitments, including tariff relief, agricultural purchases and export controls, as the two sides seek to stabilize relations.
On Friday, United States and Chinese officials held the inaugural meeting of the Board of Trade, a body formed following the May summit between President Donald Trump and Chinese President Xi Jinping.
Following the October 2025 trade truce, Chinese state-owned firms Sinograin and COFCO purchased 12 million metric tons of United States soybeans, signaling ongoing commercial commitment.
Exports of rare earth compounds to the United States and Japan declined 58 percent in the ten months following the truce, while global exports increased 146 percent.
Tech firms face ongoing license delays despite the Board of Trade engagement, while proposed measures—the AI Overwatch Act, Chip Security Act, and MATCH Act—could further restrict exports.
Presidents Donald Trump and Xi Jinping are scheduled to meet in Shenzhen next week, where experts speculate discussions may focus on tariff reductions, agricultural procurement, and critical minerals.