Details on U.S.-China trade negotiations coming Monday, USTR Greer says
Top White House trade official Jamieson Greer said the two days of talks between President Trump and Chinese leader Xi brought some trade matter agreements.
TL;DR
- U.S. and China have agreed on a subset of goods for more favorable trade terms.
- More details on these agreements will be released on Monday.
- The goal is to insulate certain trade areas from future tariffs and disputes.
- Negotiations exclude national security issues like advanced technology export controls.
- The U.S. goods trade deficit with China has fallen nearly 40%.
- Some trade has shifted to other countries, with Mexico being a beneficiary.
- The U.S.-China broader trade truce has been extended by two months.