China’s commerce ministry called the trade agreements made during U. S. President Donald Trump’s recent visit “preliminary. ” Trump met with President Xi Jinping, where the talks included positive discussions but lacked specific outcomes related to trade and investment. The ministry announced that both countries would set up an investment board and a trade board to discuss tariff reductions, focusing on specific products alongside broader cuts for unspecified goods, especially agricultural products.
Efforts will be made to resolve non-tariff barriers and issues related to market access. The U. S. will work on resolving China’s concerns regarding dairy and aquatic product exports, along with the recognition of Shandong province as free of bird flu. China, in turn, will address U. S. concerns about the registration of beef facilities and poultry meat exports.
The ministry did not disclose details such as specific companies involved, or any volumes, values, or timelines for these agreements. This statement is the first official summary from China regarding the trade talks in Beijing and Seoul and follows questions about the outcomes of Trump’s significant visit to China. Trump claimed China would purchase 200 Boeing aircraft, but analysts noted the absence of a timeline for this deal. The ministry confirmed ongoing discussions for finalizing the agreements soon.
With information from Reuters
