China-U.S. Trade Talks: Preliminary Deals and Future Negotiations
China's commerce ministry called recent tariff, agricultural, and aircraft deals with the U.S. 'preliminary' after President Trump’s visit. Both nations aim for tariff reductions and address non-tariff barriers. The U.S. will work on China’s dairy concerns, while China addresses U.S. beef facility registrations.
China's commerce ministry described recent deals with the U.S., including tariffs and aircraft, as preliminary following President Trump's visit. The visit involved talks with President Xi Jinping but lacked concrete trade and investment details.
The ministry announced the creation of an investment and trade board to handle tariff negotiations and tackle non-tariff issues, especially in agriculture. The U.S. aims to address China's concerns about dairy product detention and ensure exports from Shandong province are flu-free.
China will work on U.S. issues, such as beef facility registration and poultry exports. While Trump announced a potential Boeing aircraft purchase, details like timelines remain unspecified, with ongoing discussions to finalize agreements soon.
(With inputs from agencies.)
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