White House reports Trump and Xi agree on new ‘board of trade’ at summit
The US and China have agreed to establish a new 'Board of Trade' to manage their trade relations more effectively. This framework will focus on product-specific negotiations rather than comprehensive agreements. The initiative aims to create stable trade lanes while excluding sensitive technologies from discussions.
- ▪President Trump and President Xi Jinping confirmed the creation of a new 'Board of Trade' at their recent summit.
- ▪The framework will manage trade flows on a product-by-product basis instead of through sweeping negotiations.
- ▪The US and China plan to identify $30 to $40 billion worth of imports for potential tariff reductions.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/17180658/us-and-china-to-set-up-trade-and-investment-boards-as-ag-awa-1.jpeg" alt="White House reports Trump and Xi agree on new ‘board of trade’ at summit" class="w-full aspect-[19/10] object-cover" /> White House reports Trump and Xi agree on new ‘board of trade’ at summit The US and China are building a new framework to manage trade relations, ditching the pursuit of a sweeping deal in favor of something more surgical. Share Add us on Google by Editorial Team May. 17, 2026 Instead of swinging for a grand bargain, the US and China have opted for something more pragmatic.
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