14.05.2026 07:30
In the critical summit between US President Trump and Chinese President Xi, it was stated that the parties are close to an agreement on a new mechanism to increase trade in product groups that are not sensitive to national security. Within this scope, the two countries are considering mutual reductions in customs tariffs for approximately $30 billion worth of imported goods, taking a strategic step to lower tensions in trade relations.
As the critical summit between US President Donald Trump and Chinese President Xi Jinping begins, a striking claim closely watched by the global economy has emerged. It is suggested that the two superpowers are very close to agreeing on a new mechanism to increase trade in product groups not considered sensitive for national security.
According to the claims, the parties aim to increase bilateral trade volume by reducing customs tariffs on a product group worth approximately $30 billion.
“BOARD OF TRADE” MECHANISM ON THE AGENDA
The “Board of Trade” mechanism, proposed in March by US Trade Representative Jamieson Greer, is expected to be one of the most important topics of the historic summit bringing the two leaders together.
The new approach is seen as focusing on balancing trade in sectors that are not strategically important, rather than demanding that the Washington administration completely change its economic system from Beijing.
It was reported that Greer previously stated in a statement, “The goal is to find a way to make trade between the two systems more balanced.”
ENERGY AND AGRICULTURAL PRODUCTS ON THE TABLE
It was stated that plans to increase US exports of energy and agricultural products to China will also be discussed in the talks.
While reducing the additional tariffs China imposes on products such as oil, liquefied natural gas, and coal imported from the US is on the agenda, it is claimed that the Washington administration is considering new exemptions on tariffs for consumer electronics, footwear, and some industrial products.
It was also reported that the parties are expected to exchange views on a new investment-focused mechanism called the “Board of Investment.”
CONCERNS GROWING IN THE US
Meanwhile, it was stated that some political circles and industry representatives in the US have warned the Trump administration with concerns that Chinese investments could weaken American production capacity.
Experts note that a potential agreement could create relief in the global economy. While it is assessed that the agreement could have positive effects on stock exchanges, commodity prices, and supply chains, it is also predicted that it could create activity in technology and production sectors, as well as a mitigating effect on inflation.
However, according to experts, rather than full economic normalization, a “controlled trade” model is expected to come to the forefront in the process.