WASHINGTON — Today, Ambassador Jamieson Greer issued a statement following the announcement of the recommendations from the U.S.-China Board of Trade. President Donald J. Trump and President Xi Jinping established the U.S.-China Board of Trade during President Trump’s May visit to Beijing to manage trade in non-sensitive products between the two largest economies in the world. Following President Xi’s visit to Washington, both sides have announced the next step under the U.S.-China Board of Trade, including recommendations for non-sensitive products that may qualify for better trade treatment.
“As a direct result of the strong relationship between President Trump and President Xi, the United States and China, under the auspices of the new Board of Trade, have recommended $30 billion of trade in non-sensitive goods on each side that could benefit from more favorable tariff treatment in the future,” said Ambassador Greer. “From agricultural products to medical devices, President Trump is unlocking improved market access for about 30 percent of U.S. exports to China, while benefiting consumers with imports from China of household goods, toys, and other products that the United States generally does not import from other countries. The Trump Administration will continue to pursue fair, balanced, and reciprocal trade with China by ensuring compliance with commitments on agricultural and energy purchases, pursuing balanced trade in non-sensitive goods, and securing market access for American farmers, manufacturers, businesses, and workers.”
To read the working procedures for the Board of Trade, click here.
To read the terms of reference for the 30-for-30 framework, click here.
To read the products recommended by the Board of Trade for the 30-for-30 framework, click here.
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