China and the United States have agreed to continue implementing all existing trade agreements and strengthen economic cooperation following a high-level summit between President Xi Jinping and President Donald Trump in Beijing.
The agreement came after two days of talks between the leaders of the world’s two largest economies. The discussions focused on major issues affecting relations between both countries, including trade, investment, agriculture, tariffs, and international tensions.
Chinese officials described the meetings as positive and productive. According to a statement released by China’s foreign ministry, both countries agreed to continue carrying out all previous trade understandings reached during earlier negotiations.
Chinese Foreign Minister Wang Yi said both sides also agreed to establish new councils focused on trade and investment cooperation. These councils are expected to improve communication between the two countries and support long-term economic relations.
The meetings took place in Beijing, where Trump received a high-profile welcome that included a traditional temple visit and tea ceremony with Chinese officials. The summit attracted global attention because of the ongoing economic competition between China and the United States.
Trump described the talks as successful and praised what he called “fantastic trade deals” during media interviews after the meetings. He also mentioned possible Chinese purchases of American soybeans and aircraft, although neither government has yet released detailed agreements or official figures.
After the summit ended, China confirmed that Xi accepted an invitation from Trump to visit the United States later this year. Officials said the visit is expected to take place during the autumn season and will continue discussions on trade and diplomatic cooperation.
According to Wang Yi, both countries agreed to address concerns related to market access for agricultural products. The agreement aims to increase two-way trade while reducing trade tensions that have affected businesses and global markets in recent years.
The Chinese foreign ministry stated that future trade expansion would happen within a framework of reciprocal tariff reductions. This means both countries are expected to continue lowering tariffs on selected products as negotiations move forward.
The latest developments come during an ongoing trade truce between the two countries. In October last year, China and the United States agreed to reduce tariffs after months of economic pressure and trade disputes.
Before the agreement, tariffs on some goods had climbed above 100 percent, creating major challenges for exporters, manufacturers, and farmers in both countries. Economists warned at the time that the trade conflict could slow global economic growth and increase inflation risks.
Since the trade truce began, officials from both countries have continued negotiations aimed at stabilising economic ties and reducing uncertainty for international markets.
US Treasury Secretary Scott Bessent also confirmed that discussions are underway to create a bilateral “board of trade” and “board of investment.” He shared the information during an interview with CNBC.
Economic analysts say the creation of these councils could improve long-term business cooperation between the two countries. The councils may also help companies address trade barriers, investment concerns, and market access issues more quickly.
Agriculture remains one of the most important parts of trade talks between China and the United States. American farmers have been closely watching negotiations because China is one of the largest buyers of US agricultural products, including soybeans and corn.
The aviation sector could also benefit if China increases purchases of American aircraft. Such deals often carry major economic value and support manufacturing jobs in the United States.
Despite signs of progress, experts say several difficult issues remain unresolved between the two countries. Competition in technology, national security concerns, and geopolitical tensions continue to affect relations between Washington and Beijing.
Still, financial markets and global businesses are closely monitoring the renewed cooperation, as stronger trade relations between China and the United States could help improve global economic stability.
The latest summit signals that both governments are willing to maintain dialogue and continue economic cooperation even as broader political differences remain in place.
