US and China Hold First Official Board of Trade Meeting Days Before Trump-Xi Meeting at APEC in Shenzhen
The Office of the U.S. Trade Representative (USTR) said on November 13 that USTR and the U.S. Treasury held the first official meeting of the U.S.-China Board of Trade with their Chinese counterparts that day. The board is the body President Donald Trump and Chinese President Xi Jinping agreed to form at their summit in Beijing in May.
"The Trump Administration looks forward to continuing our engagement with China as we work to establish fair and balanced trade between the two largest economies in the world," USTR said on social media.
The meeting came just days before the APEC leaders' meeting in Shenzhen: the 33rd APEC Economic Leaders' Meeting will be held in Shenzhen on November 18 and 19, and Trump and Xi are expected to meet on its sidelines.
According to Treasury Secretary Scott Bessent's remarks prepared for delivery at the National Committee on U.S.-China Relations gala on November 11, the Board of Trade had earlier reached a consensus to identify more favorable tariff treatment for $30 billion of non-sensitive goods in each direction and had launched a working group on trade barriers in agriculture, arrangements that came out of Xi's state visit to the United States in September. How those arrangements move forward after the first official meeting is being closely watched.
Related: APEC Leaders' Meeting to Be Held in Shenzhen Next Week
(Source: Office of the United States Trade Representative)
Source: Office of the United States Trade Representative
Published by GSM · USA (original Chinese edition)
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