Trade chief Greer ‘optimistic’ the US and China can stabilise ties
US Trade Representative Jamieson Greer said both Washington and Beijing were seeking stability in their relationship and that he remained optimistic about ties ahead of Chinese President Xi Jinping’s expected visit to the United States later this month. “I am optimistic. The Chinese very much want to have a stable relationship. That’s the word they use: stability. We’re in favour of that as…
US Trade Representative Jamieson Greer expressed optimism about stabilizing the relationship between the United States and China, ahead of Chinese President Xi Jinping’s upcoming visit to the United States. Greer stated that both nations were seeking stability in their relationship, aligning with the Chinese preference for stability.
He confirmed that announcements regarding the US-China Board of Trade and measures to boost US agricultural sales to China would likely emerge from the upcoming summit between Xi and US President Donald Trump. Greer also mentioned that discussions on the Board of Investment were progressing slowly. The Board of Trade, established in May, aims to manage business ties between the two largest economies by identifying non-sensitive sectors and products eligible for tariff reductions, capped at US$30 billion for each side.
Products like toys, games, and fireworks could be shielded from potential trade measures, ensuring a balanced trade relationship. Agricultural trade, previously discussed, is expected to expand under a bilateral trade truce agreed upon in Busan, South Korea, in October 2025, which may be extended. Greer emphasized that the focus is on managing the relationship rather than negotiating a comprehensive trade agreement.
Written by urgent.news from Reuters Business via SCMP's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
