China’s US envoy calls for 10-fold rise in tariff-free trade under joint board (opens original article in a new tab)

China's US envoy proposed a 10-fold increase in tariff-free trade limit under the US-China Board of Trade, aiming to expand non-sensitive trade coverage from $30 billion to $300 billion.

• Chinese ambassador Xie Feng proposed increasing tariff-free trade limit from $30 billion to $300 billion under US-China Board of Trade
• Xie stated that current tariff-free basket is insufficient compared to overall bilateral trade volume of $414 billion in 2025
• Board of Trade was established as part of agreements during Trump's visit to China to manage non-sensitive trade sectors