Key facts
- U.S. Trade Representative Jamieson Greer expects announcements on agriculture and non-tariff barriers during President Xi Jinping's visit.
- A deal worth double-digit billions for U.S. agricultural sales to China is anticipated.
- China is reportedly meeting its soybean purchase commitments.
- No specific tariff rate commitment on Chinese goods was offered.
- Findings from trade investigations are expected in the coming weeks.
- Chip export controls were not a major topic, and Nvidia H200 purchases are a sovereign decision for China.
U.S. Trade Representative Jamieson Greer indicated that the United States and China are likely to make announcements regarding agriculture and non-tariff barriers during Chinese President Xi Jinping's upcoming visit to Washington. Greer stated that the U.S. is not seeking a comprehensive trade agreement but aims to manage the relationship.
He anticipates that President Xi's visit will likely result in further announcements concerning agriculture and related non-tariff barriers, intended to stimulate American sales into China. A deal valued in the double-digit billions of dollars for U.S. agricultural exports is expected to emerge from the summit. Greer noted that China is meeting its commitments for soybean purchases, a significant development for agricultural commodity markets.
However, Greer declined to commit to specific tariff rates on Chinese goods, maintaining ambiguity that preserves negotiating flexibility for Washington but leaves businesses uncertain. Findings from ongoing trade investigations are anticipated within weeks, which may offer more clarity on future tariff policies.