U.S. and China Consider Tariff Reductions on $30 Billion of Imports in Trade Talks
The United States and China are exploring a managed trade mechanism that could lead to reduced tariffs on approximately $30 billion worth of non-sensitive goods. This initiative, discussed during a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping, aims to enhance economic cooperation without compromising national security. The proposed 'Board of Trade' mechanism, introduced by U.S. Trade Representative Jamieson Greer, focuses on setting numerical trading targets in non-strategic sectors. This approach marks a shift from previous demands for China to alter its state-directed economic model. The discussions also involve potential tariff reductions on U.S. energy and agricultural products, which have been subject to disruptive tariffs by China. 
