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Before Trump heads to Asia, U.S. and Chinese officials held their first trade committee meeting to expand on last year’s Busan trade truce and follow-up commitments and pave the way for the upcoming Trump-Xi meeting.
President of the United Statestrump (Donald Trump) is expected to visit China next week to attend a conference in ShenzhenAPEC Summit and meeting with Chinese PresidentXi Jinping . Ahead of Trump and Xi meeting again, US and Chinese economic and trade officials held their first trade committee meeting today to establish a fair and balanced trade relationship.
The Office of the United States Trade Representative (USTR) wrote on
The Office of the Trade Representative said the Trump administration looks forward to continued engagement with China. “We are committed to establishing a fair and balanced trade relationship between the world’s two largest economies.”
The United States and China officially launched the US-China Business Council in September. The mechanism was approved during Trump’s visit to Beijing in May.
The White House previously reported that under the Trade Commission, the two countries reached consensus on a proposal to give more preferential tariff treatment to $30 billion of non-sensitive goods in each direction. The Commission also established a working group to focus on solving market access barriers in the agricultural sector.
For US exports, these include agricultural products, fish and seafood, logs and wood products, cosmetics, and medical devices. For US imports, these include consumer products such as small appliances, toys, holiday decorations, and children’s car seats.
In addition, Trump is expected to visit the Philippines and China from the 17th to the 19th, during which he will attend the Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen and meet again with Xi Jinping. This will be the third meeting between the two this year.
Earlier, US Treasury Secretary Scott Besant and Trade Representative Jameson Greer had a phone conversation with Chinese Vice Premier He Lifeng on the 6th. Greer stressed that it is important for China to take concrete action to fully implement its previous commitments, especially in purchasing US agricultural products, rare earths and other critical minerals.
According to a summary released by the Finance Ministry, Besant said during the call that it was important for China to fully and immediately implement the commitments made in Busan and expressed concern about China’s recent actions. He stressed that the continued progress of bilateral relations depends on specific outcomes.
Trump and Xi held a summit in Busan, South Korea in October last year and reached a trade ceasefire agreement.
Foreign media previously reported that under the agreement, China promised to continue purchasing US soybeans from 2026 to 2028. China also agreed to suspend the implementation of new rare earth export control measures and issue general licenses for the export of related materials.
Summary FAQ
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The meeting comes ahead of Trump’s visit to China next week and hopes to meet Xi Jinping again at the APEC summit. It is an important stepping stone for U.S.-China economic and trade communications, with the goal of stabilizing bilateral trade contacts.
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The Office of the US Trade Representative said the Trump administration looks forward to continued engagement with China. The main goal is to establish a fair and balanced trade relationship between the world’s two largest economies and to use concrete results as a basis for progress.
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Current focuses include US agricultural purchases, rare earths and other critical minerals, and barriers to agricultural market access. The committee also includes a more preferential tariff arrangement for non-sensitive goods worth US$30 billion in each direction in both directions.
