Bilateral trade between the US and China totaled $582.4 billion in 2024, of which $439.9 billion was Chinese exports to the US, according to the US Trade Representative’s office. “See it more as confidence-building measures taken early on in a difficult negotiation to signal, diplomatically and politically, that there will be mutual concessions and that there can be real negotiation,” said Emily Kilchrist, a former deputy assistant to the U.S. trade representative at the end of Trump’s first term and the beginning of former President Joe Biden’s tenure. For its part, the White House is seeking to highlight any signs of progress in the talks as part of its broader effort to reassure consumers and stabilize volatile financial markets, which have been affected by the US president’s tough trade policy and multiple new tariffs.
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Published at: 2025-05-10 20:16:59
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