Story perspectives

US, China to Form Trade Boards, May Raise Tariffs.

5/17/2026

Summary

Story summary

Trade Representative Jamieson Greer announced on May 17, 2026 that U.S. and China will create Boards of Trade and Investment and may raise tariffs to pre-Supreme Court level of Busan deal Section 301.
China lowered non-tariff barriers on beef and poultry, a 200-jet Boeing order, 25-million-ton soybean purchases will lift imports double-digit.
He noted gas at $4.51 a gallon, fill-ups for households under $125,000, said administration will raise wages, cut food prices.

History

Historical Context

The U.S. trade war began in March 2018 when Trade Representative Robert Lighthizer invoked Section 301, imposing 25 percent duties on $200 billion of Chinese imports and prompting China, led by Xi Jinping, to levy 15 percent tariffs on $60 billion of U.S. goods. Greer’s new bilateral Boards of Trade echo that 2018 strategy, aiming to replace tariffs with structured dialogues.

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Story summary

Trade Representative Jamieson Greer announced on May 17, 2026 that U.S. and China will create Boards of Trade and Investment and may raise tariffs to pre-Supreme Court level of Busan deal Section 301.
China lowered non-tariff barriers on beef and poultry, a 200-jet Boeing order, 25-million-ton soybean purchases will lift imports double-digit.
He noted gas at $4.51 a gallon, fill-ups for households under $125,000, said administration will raise wages, cut food prices.

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