What is the U.S.-China board of trade?

The United States is inviting input on which 'nonsensitive' goods could qualify for tariff cuts as Washington advances its new 'Board of Trade' with China. The White House highlighted the Board of Trade and a separate Board of Investment as among the most important outcomes of President Donald Trump's May 13-16 talks with Xi Jinping in Beijing. U.S. Trade Representative Jamieson Greer said comments are welcome from interested parties on how to facilitate mutually beneficial trade while continuing tariffs to defend American security and promote balanced, reciprocal trade. Stakeholders include manufacturers, fishermen, ranchers, and small businesses.

Administrations officials say the effort could ease tensions following the Trump-Xi summit, though analysts warn the plan remains vague without detailed rules. A Chinese Ministry of Commerce spokesman said both sides aim to reduce tariffs on products of concern on an equivalent scale, while Washington stresses the Board of Trade will be a forum to manage non-sensitive trade and a separate channel for investment issues. Analysts note real progress will require concrete follow-through, and observers caution that the initiative depends on negotiators delivering specifics beyond broad principles.