US-China Talks ‘Moving Toward Agreement’ for Leaders’ Review, USTR Says

There is strong momentum toward easing trade tensions between the world’s two largest economies. According to USTR (US Trade Representative) Greer, trade negotiations with China are officially “moving toward agreement.”

This positive statement signals that the two sides have worked through many of the toughest issues that previously stalled the negotiations. The areas of focus typically include:

• Tariff Relief: Reducing the high import taxes currently imposed on billions of dollars in goods.
• Intellectual Property (IP): Strengthening protections for US technology and business secrets in China.
• Market Access: Ensuring US companies have fair access to the Chinese market.

The statement that talks are “moving toward agreement” suggests that a final text is being drafted. However, the mention of a “leaders review” confirms that the most politically sensitive concessions will be left for the highest level of government.

A successful agreement would bring much-needed stability to global supply chains and boost business confidence worldwide. It is a critical step toward cooling one of the most significant trade disputes in recent history.