US-China trade deals from May summit still face hurdles

firstpost.com —

President Donald Trump and Chinese President Xi Jinping are meeting in Washington, months after their May summit produced trade and economic commitments, with implementation of several pledges moving slowly and talks focused on whether earlier promises can translate into actual trade flows. Unfinished items include a proposed US-China Board of Trade with reciprocal tariff reductions on $30 billion of goods, though scope and timing remain under discussion. China agreed to buy at least $17 billion annually of US farm products, but USDA forecasts suggest the broader $30-billion target may be difficult to reach. China also agreed to purchase 200 Boeing aircraft, with around 140 in a "good state" and 10 in documentation. Rare earths commitments are being monitored, while the proposed US-China Board of Investment has faced hurdles over national security and technology transfer concerns.


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