US and China Hold First Trade Board Meeting
Officials said the sides discussed a $60 billion tariff-cut plan and agricultural purchases, but no agreement was announced.
- 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.
43 Articles
43 Articles
China and the US are moving forward in reducing tariffs on products by $60 billion, in a step towards trade detente.Both nations plan to maintain ongoing dialogue to resolve differences, prior to the summit of leaders in Shenzhen.
Washington announces new bilateral trade body aimed at boosting commerce in non-sensitive products while maintaining tariffs on Chinese goods
China, US Discuss Tariffs in First Meeting of Trade Council
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = The U.S.-China bilateral... to be held on the occasion of the Asia-Pacific Economic Cooperation (APEC) summit taking place in China on the 18th and 19th (local time)
Channel News Asia
China, US discuss tariffs, farm trade at first trade council meeting
China's commerce ministry did not say whether any agreements were reached, only that both sides will continue using the council to address trade concerns, expand cooperation and reduce outstanding issues.
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