The U.S. and China are expected to inch toward a managed trade mechanism for non-sensitive goods this week, with each side possibly identifying some $30 billion worth of goods on which they could reduce tariffs and sell to each other without crossing national security red lines, Reuters reported.
The so-called "Board of Trade" was first broached by U.S. Trade Representative Jamieson Greer in March as a key "deliverable" agreement for this week's high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping.
The contours of the plan remain sketchy, but a key shift from past dialogues is clear: Washington is no longer demanding that Beijing change its state-directed, export-driven economic model to become more like the U.S. consumer-driven, market-oriented model.
