A recent summit between U.S. President Donald Trump and Chinese President Xi Jinping appears to have yielded few results with respect to bilateral trade.
A White House fact sheet highlighted the chartering of two new institutions “to optimize the bilateral economic relationship.” The U.S.-China Board of Trade will allow the two governments to manage bilateral trade across non-sensitive goods, while the U.S.-China Board of Investment will provide a government-to-government forum for discussing investment-related issues. No further details about when these institutions will begin to operate, what managed trade might look like, which goods might be considered non-sensitive, etc., have yet been provided. However, U.S. Trade Representative Jamieson Greer reportedly said his agency will “put out a call for public comment” on some of these issues.
The fact sheet also asserted that the U.S. secured “a sweeping package of commitments that will drive high-paying American jobs and open new markets for U.S. goods,” including the following.
- China will address U.S. concerns regarding (1) supply chain shortages related to rare earths and other critical minerals, including yttrium, scandium, neodymium, and indium, and (2) prohibitions or restrictions on the sale of rare earth production and processing equipment and technologies.
- China has approved an initial purchase of 200 U.S.-made aircraft for Chinese airlines.
- China will purchase at least $17 billion per year of U.S. agricultural products in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase commitments it made in October 2025.
- China has restored market access for U.S. beef by renewing the expired listings of more than 400 U.S. beef facilities and adding new listings and will work with U.S. regulators to lift all suspensions of U.S. beef facilities.
- China has resumed imports of poultry from U.S. states determined by the U.S. Department of Agriculture to be free of highly-pathogenic avian influenza.
The two presidents plan to meet again in Washington, D.C., this fall.
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