WASHINGTON, May 13 (Reuters) – The U.S. and China are expected to inch toward a managed trade mechanism for non-sensitive goods this week, 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 U.S. Trade Representative Jamieson Greer in March as a key “deliverable” agreement for this week’s high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping.
The contours of the plan remain sketchy, but a key shift from past dialogues is clear: Washington is no longer demanding that Beijing change its state-directed, export-driven economic model to become more like the U.S. consumer-driven, market-oriented model.
Instead, the effort is focused on numerical trading targets in non-strategic sectors while keeping in place broad tariffs and export controls on national security-sensitive technologies.
Continue reading HERE
Source: https://www.cnn.com/2026/05/12/politics/cia-drug-cartels-deadly-operations-mexico?fbclid=IwY2xjawRxuElleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEefF3R6Oka_YR0ak962Vp5xoVyPTT0kWdGtis3F44SO9xdsDPVkWYpT5I5ZaU_aem_dkfPhZZe-DpO9_1K7l0KvA
[Disclaimer]
