.jpg)
58 minutes ago
4
Article content
(Bloomberg) — The Trump administration is seeking public comment on its plans to create a Board of Trade to manage economic ties with China, moving ahead with the formal process to create the new mechanism.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The Office of the US Trade Representative said Tuesday it was placing a notice in the Federal Register seeking comments by July 10.
Article content
Article content
The move comes after President Donald Trump and Chinese counterpart Xi Jinping met in Beijing last month for a high-profile summit where they agreed to create a Board of Trade and a Board of Investment to help ease tensions between the world’s two largest economies.
Article content
Article content
US Trade Representative Jamieson Greer had previewed plans to begin formally creating the Board of Trade during an event on May 26 at the Council on Foreign Relations, reiterating that it would seek to reduce tariffs on at least $30 billion in “non-sensitive goods” between the countries.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
“To me it’s a positive step,” Greer had said. “My assumption is that there is some amount, some minimum amount on each side that we agree, yeah, we should trade this.”
Article content
Still, there is much uncertainty over the boards, which were a key Trump administration goal for the summit, and it is unclear how effectively they will actually be in managing the longstanding differences between the US and China on economic matters. Washington and Beijing are currently managing a trade truce that eased tensions following an escalating tariff war last year even as they deal with other flashpoints including the energy shock brought by the Iran war and strains over Taiwan.
Article content
Trump is looking to rebuild his tariff wall following the Supreme Court decision earlier this year that struck down country-by-country levies imposed under an emergency law. Trump has started trade probes under different powers to impose new levies, and in the immediate aftermath of the high court ruling implemented a 10% global levy under Section 122 of the Trade Act of 1974.
Article content
While those 10% levies are set to expire in July, Greer has suggested the administration could restart them if needed while the other probes continued.
Article content
English (US)