China’s US envoy calls for 10-fold rise in tariff-free trade under joint board

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China's ambassador to the United States, Xie Feng, proposed increasing the tariff-free trade limit under the US-China Board of Trade from $30 billion to $300 billion. This move aims to expand non-sensitive trade between the two nations and reflects positive business sentiments.

Chinese ambassador to the United States Xie Feng on Wednesday proposed to increase the limit of tariff-free goods under the newly created US-China Board of Trade from the existing US$30 billion to US$300 billion – a 10-fold rise in non-sensitive trade covered by the mechanism. Addressing a gathering at the US-China Business Council gala in Washington, Xie said he shared the view of “many friends from American businesses” that the tariff-free basket was “far from big enough”. “I cannot agree...