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China and US agree to establish trade and investment councils after Xi-Trump summit

China and the United States have agreed to establish trade and investment councils, committing in principle to match each other’s tariff cuts on a reciprocal basis. “The two sides will use the Trade Council as a forum to discuss issues such as tariff reductions on specific produc

First seen · 3:05 PM UTCMay 16, 2026

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South China Morning Post
CenterAlibaba Group
China and US agree to establish trade and investment councils after Xi-Trump summitChina and the United States have agreed to establish trade and investment councils, committing in principle to match each other’s tariff cuts on a reciprocal basis. “The two sides will use the Trade Council as a forum to discuss issues such as tariff reductions on specific produc
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