Greer: US, China Willing to Continue Trade Truce

U.S. Trade Representative Jamieson Greer discusses US-China trade relations, progress on agricultural purchases and rare earth supplies, and the possibility of extending the trade truce. He highlights a 33% reduction in the US trade deficit with China and the establishment of a Board of Trade for non-sensitive goods. Taiwan and export controls are acknowledged but not major topics of the bilateral meeting. - US-China trade truce is stable and both sides are willing to extend it if progress continues. - China has fulfilled soybean purchase commitments and appears to be complying on rare earths after US advocacy. - The US trade deficit with China dropped by 33% in the past year, seen as a success. - A Board of Trade will be set up to focus on non-sensitive goods and facilitate mutually beneficial trade. - Taiwan was raised by China but did not dominate the bilateral agenda. - Export controls on chips (H200) were not a major discussion topic in the leaders' meeting. - China's new supply chain rules raise concerns for US companies operating there. - Both leaders had candid discussions, with a focus on managing differences rather than escalating.