US and China Launch New Trade and Investment Boards
The United States and China have reached an agreement to establish boards focused on trade and investment, aiming to foster a constructive relationship characterized by strategic stability, fairness, and reciprocity, as outlined in a fact sheet released by the White House during President Donald Trump’s visit to Beijing. The fact sheet, released on Sunday, indicated that China will respond to the United States’ concerns about supply chain shortages associated with rare earths and other essential minerals, such as yttrium, scandium, neodymium, and indium. It was also stated that Trump and Chinese President Xi Jinping reached a consensus that Iran should not be permitted to acquire a nuclear weapon, advocated for the reopening of the Strait of Hormuz, and concurred that no nation or organization should be allowed to impose tolls.
The fact sheet indicated that Trump is set to host Xi for a visit to Washington this fall, with both nations poised to support one another as hosts of the G20 and APEC summits later this year. President Trump and President Xi affirmed their mutual objective to denuclearize North Korea,” the fact sheet indicated, omitting any reference to Taiwan. Following discussions with Xi, Trump characterized a prospective multibillion-dollar arms sale to Taiwan as a “negotiating chip” in relations with China, which has sparked apprehensions in Taiwan. As the cornerstone of this historic agreement, Trump and Xi established two new institutions aimed at optimizing the bilateral economic relationship: the US-China Board of Trade and the US-China Board of Investment. The Board of Trade will permit the United States Government and the Government of China to oversee bilateral trade concerning non-sensitive goods.
The Board of Investment will facilitate a government-to-government forum aimed at addressing investment-related matters,” the fact sheet stated. The statement elaborated that President Trump engaged in negotiations for an extensive array of commitments designed to foster high-paying employment opportunities in the United States and to facilitate access to new markets for American products. The fact sheet also indicated that China will respond to US concerns pertaining to prohibitions or restrictions on the sale of rare earth production and processing equipment and technologies. China has sanctioned a preliminary acquisition of 200 Boeing aircraft produced in the United States for its airlines, according to the fact sheet, which further noted that this commitment is expected to bolster high-paying, high-skilled manufacturing employment in the US.
It highlighted that China will purchase at least 17 billion USD per year of US agricultural products in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase commitments that it made in October 2025. The document indicated that China has reinstated market access for US beef by renewing and expanding the listings of over 400 US beef facilities, and will collaborate with US regulators to remove all suspensions on these facilities. China has reinstated imports of poultry from US states classified by the USDA as free from highly pathogenic avian influenza.
