The US and China are likely to inch toward a managed trade mechanism for non-sensitive goods at the summit in Beijing, with each side possibly identifying some $30 billion worth of goods on which they could reduce tariffs and sell to each other without crossing national security red lines.The so-called ‘Board of Trade’ was first broached by US Trade Representative Jamieson Greer in March as a key deliverable agreement for the high-stakes summit between President Donald Trump and Chinese President Xi Jinping.&nbsp;Both countries will focus on numerical trading targets in non-strategic sectors while retaining broad tariffs and export controls on national security-sensitive technologies.&nbsp;Also Read: <a href="https://www.wionews.com/world/trump-lands-in-china-for-summit-with-xi-welcomed-with-red-carpet-and-fanfare-1778683205119">Trump lands in China for summit with Xi, welcomed with red carpet and fanfare</a>&nbsp;“It’s not really a situation where we go and get China to change the way they govern, the way they manage their economy,” Greer told Fox Business Network. “That’s all baked into their system, but I think there is a world where we find out where can we optimise trade between ⁠China and the United States to achieve more balance.”&nbsp;Greer likened the mechanism to a plug “adapter” that can help connect two incompatible economic systems.US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met for three hours in Incheon, South Korea, on Wednesday to lay final groundwork on proposals for Trump and Xi to discuss.&nbsp;People familiar with the Trump administration’s objectives said they expected a $30 billion-for-$30 billion trade-barrier reduction framework arrangement.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/gunshots-heard-at-philippine-senate-people-told-to-run-for-cover-1778675576478">Gunshots heard at Philippine Senate, people told to run for cover</a><h2>US-China trade shrank by 29% to $415 billion</h2>&nbsp;US-China two-way goods trade shrank by 29% to $415 billion from $582 billion in 2024, with the US trade deficit falling nearly 32% to $202 billion in 2025, its lowest in ⁠two decades.China said in March the two sides had “agreed to explore the establishment of working mechanisms to expand economic and trade cooperation” with no further details.&nbsp;Also Read: <a href="https://www.wionews.com/world/-we-don-t-need-any-help-with-iran-says-president-trump-as-he-departs-for-china-1778614628638">‘We don’t need any help with Iran,’ says President Trump as he departs for China</a>&nbsp;The US is aiming to increase sales of energy and agricultural products to China, which maintains a general extra 10% tariff on all US imports, matching Washington’s 10% temporary tariff on Chinese goods.In addition, Beijing imposes retaliatory ⁠duties on imports from the US of 10% on crude oil, 15% on liquefied natural gas, 15% on coal and up to 55% on beef.&nbsp;Also Read: <a href="https://www.wionews.com/world/-protecting-terror-infrastructure-india-slams-china-after-admission-of-supporting-pakistan-during-operation-sindoor-1778609788173">‘Protecting terror infrastructure’: India slams China after admission of supporting Pakistan during Operation Sindoor</a>&nbsp;The US maintains tariffs of 7.5% on a raft of Chinese consumer products imposed in 2019 at the height of Trump’s first-term trade war with China. These include flat-panel television sets, flash memory devices, smart speakers, Bluetooth headphones, bed linens, multifunction printers and many types of footwear.&nbsp;&nbsp;The two sides are expected to discuss the less-developed concept of a “Board of Investment” to deal with investment issues.Meanwhile, US lawmakers and automotive, steel and tech groups have warned Trump against any deal that opens the door to Chinese investment in the vehicle sector, arguing that this would hollow out the core of US manufacturing.

US-China two-way goods trade shrank by 29% to $415 billion from $582 billion in 2024, with the US trade deficit falling nearly 32% to $202 billion in 2025, its lowest in ⁠two decades. The US is aiming to increase sales of energy and agricultural products to China.

The US and China are likely to inch toward a managed trade mechanism for non-sensitive goods at the summit in Beijing, with each side possibly identifying some $30 billion worth of goods on which they could reduce tariffs and sell to each other without crossing national security red lines. The so-called ‘Board of Trade’ was first broached by US Trade Representative Jamieson Greer in March as a key deliverable agreement for the high-stakes summit between President Donald Trump and Chinese President Xi Jinping. Both countries will focus on numerical trading targets in non-strategic sectors while retaining broad tariffs and export controls on national security-sensitive technologies. Also Read: Trump lands in China for summit with Xi, welcomed with red carpet and fanfare “It’s not really a situation where we go and get China to change the way they govern, the way they manage their economy,” Greer told Fox Business Network. “That’s all baked into their system, but I think there is a world where we find out where can we optimise trade between ⁠China and the United States to achieve more balance.” Greer likened the mechanism to a plug “adapter” that can help connect two incompatible economic systems. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met for three hours in Incheon, South Korea, on Wednesday to lay final groundwork on proposals for Trump and Xi to discuss. People familiar with the Trump administration’s objectives said they expected a $30 billion-for-$30 billion trade- barrier reduction framework arrangement. Also Read: Gunshots heard at Philippine Senate, people told to run for cover US-China trade shrank by 29% to $415 billion US-China two-way goods trade shrank by 29% to $415 billion from $582 billion in 2024, with the US trade deficit falling nearly 32% to $202 billion in 2025, its lowest in ⁠two decades. China said in March the two sides had “agreed to explore the establishment of working mechanisms to expand economic and trade cooperation” with no further details. Also Read: ‘We don’t need any help with Iran,’ says President Trump as he departs for China The US is aiming to increase sales of energy and agricultural products to China, which maintains a general extra 10% tariff on all US imports, matching Washington’s 10% temporary tariff on Chinese goods. In addition, Beijing imposes retaliatory ⁠duties on imports from the US of 10% on crude oil, 15% on liquefied natural gas, 15% on coal and up to 55% on beef. Also Read: ‘Protecting terror infrastructure’: India slams China after admission of supporting Pakistan during Operation Sindoor The US maintains tariffs of 7.5% on a raft of Chinese consumer products imposed in 2019 at the height of Trump’s first-term trade war with China. These include flat-panel television sets, flash memory devices, smart speakers, Bluetooth headphones, bed linens, multifunction printers and many types of footwear. The two sides are expected to discuss the less-developed concept of a “Board of Investment” to deal with investment issues. Meanwhile, US lawmakers and automotive, steel and tech groups have warned Trump against any deal that opens the door to Chinese investment in the vehicle sector, arguing that this would hollow out the core of US manufacturing.

US-China two-way goods trade shrank by 29% to $415 billion from $582 billion in 2024, with the US trade deficit falling nearly 32% to $202 billion in 2025, its lowest in ⁠two decades. The US is aiming to increase sales of energy and agricultural products to China.

Trump, Xi to consider tariff cuts on $30 billion of imports at summit

US President Donald Trump received a red-carpet welcome in Beijing with 300 Chinese youth greeting him ahead of key talks with President Xi Jinping on trade and security.

US President Donald Trump received a red-carpet welcome in Beijing with 300 Chinese youth greeting him ahead of key talks with President Xi Jinping on trade and security.

Red carpet, 300 Chinese youth: Trump’s special welcome in Beijing ahead of talks with Xi Jinping

US President Donald Trump arrived in Beijing on Wednesday evening for a two-day summit with Chinese President Xi Jinping and was greeted with much fanfare. Chinese youth, a military honour guard and a military band welcomed Trump as he arrived on Air Force One at Beijing Capital International Airport at around 7.50 pm local time.Trump was greeted by China’s Vice President, Han Zheng, US ambassador to China David Perdue, Chinese ambassador Xie Feng, and vice-minister of foreign affairs, Ma Zhaoxu.As a band played for the ceremonial arrival, Trump offered a fist pump to the music, then proceeded down the stairs.As the president exited Air Force One, a red carpet escorted him to the motorcade.&nbsp;Also Read: <a href="https://www.wionews.com/world/gunshots-heard-at-philippine-senate-people-told-to-run-for-cover-1778675576478">Gunshots heard at Philippine Senate, people told to run for cover</a>&nbsp;The honor guard marched to line up on both sides of the walkway, which were also flanked by hundreds of men and women in blue and white, waving the Republic’s flag and the US flag&nbsp;Eric and Lara Trump, Elon Musk, Marco Rubio, and Pete Hegseth, who also travelled with the president, followed him off the aircraft.As they walked the red carpet, 300 young Chinese men and women waved Chinese and American flags in unison.&nbsp;Also Read: <a href="https://www.wionews.com/world/-we-don-t-need-any-help-with-iran-says-president-trump-as-he-departs-for-china-1778614628638">‘We don’t need any help with Iran,’ says President Trump as he departs for China</a>&nbsp;Trump will meet his counterpart Xi Jinping on Thursday as the two countries will hold talks on trade, Taiwan, artificial intelligence and the Iran war.&nbsp;&nbsp;Meanwhile, Beijing laid out four “red lines” in China-US ties, meaning the issues it considers non-negotiable.&nbsp;Even before Trump landed in Beijing, the Chinese Embassy in Washington shared a post, listing Taiwan, democracy and human rights, political systems, and China’s development rights as areas that “must not be challenged”.&nbsp;&nbsp;&nbsp;

<blockquote class="twitter-tweet">The four red lines in <a href="https://twitter.com/hashtag/China?src=hash&amp;ref_src=twsrc%5Etfw">#China</a>-<a href="https://twitter.com/hashtag/US?src=hash&amp;ref_src=twsrc%5Etfw">#US</a> relations must not be challenged. <a href="https://twitter.com/hashtag/ChinaUSRelations?src=hash&amp;ref_src=twsrc%5Etfw">#ChinaUSRelations</a> <a href="https://twitter.com/hashtag/ChinaDiplomacy?src=hash&amp;ref_src=twsrc%5Etfw">#ChinaDiplomacy</a> <a href="https://t.co/4kmNeEWLGH">pic.twitter.com/4kmNeEWLGH</a>&mdash; Chinese Embassy in US (@ChineseEmbinUS) <a href="https://twitter.com/ChineseEmbinUS/status/2054319920003830054?ref_src=twsrc%5Etfw">May 12, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Also Read: <a href="https://www.wionews.com/world/-protecting-terror-infrastructure-india-slams-china-after-admission-of-supporting-pakistan-during-operation-sindoor-1778609788173">‘Protecting terror infrastructure’: India slams China after admission of supporting Pakistan during Operation Sindoor</a> Trump’s visit is his first to China since 2017 and comes at a tense moment in relations between the world’s two largest economies. The main bilateral meetings are scheduled for Thursday and Friday, alongside a state banquet and other ceremonial events. The Trump administration hopes to begin the process of establishing a Board of Trade with China to address differences. The board could help prevent the trade war ignited last year after Trump’s tariff hikes, an action China countered through its control of rare earth minerals.

Even before President Donald Trump landed in Beijing, the Chinese Embassy in Washington shared a post on social media, listing Taiwan, democracy and human rights, political systems, and China’s development rights as areas that “must not be challenged” in negotiations.

US President Donald Trump arrived in Beijing on Wednesday evening for a two-day summit with Chinese President Xi Jinping and was greeted with much fanfare. Chinese youth, a military honour guard and a military band welcomed Trump as he arrived on Air Force One at Beijing Capital International Airport at around 7.50 pm local time. Trump was greeted by China’s Vice President, Han Zheng, US ambassador to China David Perdue, Chinese ambassador Xie Feng, and vice-minister of foreign affairs, Ma Zhaoxu. As a band played for the ceremonial arrival, Trump offered a fist pump to the music, then proceeded down the stairs. As the president exited Air Force One, a red carpet escorted him to the motorcade. Also Read: Gunshots heard at Philippine Senate, people told to run for cover The honor guard marched to line up on both sides of the walkway, which were also flanked by hundreds of men and women in blue and white, waving the Republic’s flag and the US flag Eric and Lara Trump, Elon Musk, Marco Rubio, and Pete Hegseth, who also travelled with the president, followed him off the aircraft. As they walked the red carpet, 300 young Chinese men and women waved Chinese and American flags in unison. Also Read: ‘We don’t need any help with Iran,’ says President Trump as he departs for China Trump will meet his counterpart Xi Jinping on Thursday as the two countries will hold talks on trade, Taiwan, artificial intelligence and the Iran war. Meanwhile, Beijing laid out four “red lines” in China-US ties, meaning the issues it considers non-negotiable. Even before Trump landed in Beijing, the Chinese Embassy in Washington shared a post, listing Taiwan, democracy and human rights, political systems, and China’s development rights as areas that “must not be challenged”.

Even before President Donald Trump landed in Beijing, the Chinese Embassy in Washington shared a post on social media, listing Taiwan, democracy and human rights, political systems, and China’s development rights as areas that “must not be challenged” in negotiations.

Trump lands in China for summit with Xi, welcomed with red carpet and fanfare

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Trump, Xi to consider tariff cuts on $30 billion of imports at summit

PICS | Trump’s special welcome in Beijing ahead of talks with Xi Jinping

Trump lands in China for summit with Xi, welcomed with red carpet and fanfare