Trump, Xi to Set Up Trade and Investment Boards, China Says

May 15, 2026, 2:53 PM UTC

The US and China agreed to establish boards on trade and investment during this week’s summit, though President Donald Trump said he did not discuss a possible extension of his tariff truce when he met with Chinese leader Xi Jinping.

Both nations will work to establish the councils to address mutual concerns over market access and agricultural products, Chinese Foreign Minister Wang Yi said in a briefing, according to the foreign affairs ministry. Working-level teams still must discuss details before implementing the plan, he said.

Setting up the new groups was one of the key aims of the summit ...

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