"Earlier in the day, French news agency AFP reported that Beijing had accused Washington of "erroneous" claims that China tacitly condones forced labor. The US has even launched an official investigation into the matter. The Chinese Foreign Ministry said the probe was "discriminatory" and nothing more than an attempt at "trade manipulation.""
"Sources told Reuters that China appeared open to further agricultural orders from the US, having already agreed on 25 million metric tons of American soybeans for each of the next three years in a bid to avoid massive tariffs."
"The groups discussed proposals for a US-China "Board of Trade" and "Board of Investment" to balance trade between the world's two largest economies, as well as the flow of Chinese rare earth minerals to US companies."
US and Chinese trade officials held a two-day summit in Paris that officials characterized as "remarkably stable" despite ongoing tensions. China agreed to purchase 25 million metric tons of American soybeans annually for three years to avoid tariffs. The delegations discussed establishing a US-China "Board of Trade" and "Board of Investment" to balance commerce between the world's two largest economies and addressed the flow of Chinese rare earth minerals to US companies. Tensions emerged over US investigations into forced labor practices, which China labeled "discriminatory" trade manipulation. President Trump also threatened to delay a summit with Xi Jinping unless China helps resolve the blocked Strait of Hormuz, critical for Middle Eastern oil shipments that China depends on for energy.
#us-china-trade-relations #trade-negotiations #agricultural-trade #forced-labor-investigations #geopolitical-tensions
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