Trump and Xi’s Trade Talks Yield Limited Agreements

U.S. agricultural products, medical devices and Chinese consumer goods that are deemed non-sensitive. The deals are intended to create a “more preferential basis” for trade that can be insulated from future tariff measures or broader disputes. Export-control issues tied to advanced technology were expressly excluded from the talks.

CNBC

The negotiations follow the May meeting in Beijing between President Donald Trump and President Xi Jinping, after which the two leaders announced a new “Board of Trade” to manage non-sensitive commerce. The Board is meant to focus on “pure trade issues,” leaving national-security-related export controls off the table. The United States and China have been locked in a tariff war that, according to the Reuters report, saw mutual tariffs top 100 %.

CNBC

He emphasized that “all those export controls that are national security issues, we take those off the table.” Treasury Secretary Scott Bessent later said that talks with Chinese Vice Premier He Lifeng resulted in an extension of the pause on the trade war until January 10, a date that has already occurred.

Reuters

• “We've actually reached agreement with the Chinese on a number of these things,” — Trade Representative Jamieson Greer

CNBC

• “All those export controls that are national security issues, we take those off the table,” — Trade Representative Jamieson Greer

CNBC

Greer indicated that the administration will release “a lot more details” on Monday about the specific products covered, the tariff treatment of those goods, and how the agreements will be implemented under the Board of Trade framework.

CNBC