High on the list of deliverables agreed following the summit between Chinese President Xi Jinping and US President Donald Trump was the establishment of a board of trade, albeit with little detail on its mission, responsibilities or operations. The White House expects the board “to manage bilateral trade across non-sensitive goods” while China’s Ministry of Commerce says the board “will discuss issues such as tariff reductions”. While not contradictory, both formulations are vague and hint at…
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