Jamieson Greer, US Trade Representative, expressed optimism ahead of the planned Trump-Xi summit, characterizing US-China relations as « stable. » His strategy focuses on ensuring China honors existing trade agreements, particularly agricultural purchase commitments from the May summit in Beijing, rather than pursuing new confrontations. China committed to « double-digit billions » in annual US agricultural purchases, including Boeing aircraft and rare earth minerals, while current US tariffs on Chinese imports remain in place. The US-China trade deficit declined by $130 billion, a 30 percent decrease, reflecting the impact of existing tariff measures on bilateral trade flows. The September summit will prioritize assessing China’s adherence to prior commitments rather than negotiating new deals.
Source: Read the original article
