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Trump and Xi Establish New Trade Boards Amid Ongoing Economic Tensions

KVIA•Monday, May 18, 2026 at 8:31 AM•CNN Newsource

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During President Trump's recent visit to China, significant agreements were reached aimed at stabilizing US-China economic relations. The two nations will form a 'board of trade' and a 'board of investment' to manage trade issues more effectively. Notably, China has committed to purchasing at least $17 billion worth of US agricultural products annually, alongside an initial order of 200 Boeing aircraft. These developments come after a tumultuous year of trade disputes and are seen as steps towards a more constructive relationship, although many details remain vague. The agreements reflect a desire to avoid volatility and enhance cooperation, but challenges, particularly in technology trade, persist.

Key Details: • China to purchase at least $17 billion in US agricultural products per year through 2028. • Initial order of 200 Boeing aircraft confirmed by the US, details pending from Boeing. • New 'board of trade' and 'board of investment' to address trade issues and tariff discussions. • Negotiations on technology trade restrictions remain unresolved.

economy trade agriculture boeing us-china-relations

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Donald TrumpWhite HouseXi JinpingChina's Ministry of Commerce

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