U.S. and Chinese leaders agreed to establish a new “Board of Trade” and a parallel “Board of Investment” during President Donald Trump’s two-day visit to Beijing – a summit that ended much as it began: with significant pageantry, warm personal rapport between the leaders, and modest, incremental progress on trade. The new boards aim to oversee bilateral purchases, manage trade differences, facilitate deals in non-sensitive sectors (with roughly $30 billion in goods identified), and provide a standing channel to prevent future escalations without constant high-level intervention.

Overall Assessment: The summit went a long way in stabilizing ties through new dialogue mechanisms and modest commercial wins rather than grand bargains. Trump returned with a few modest wins he can highlight domestically ahead of midterms – though the whole ‘Chinese students and farms’ might be a tough pitch to MAGA, while Xi secured a narrative of strategic predictability and time for China to address its economic challenges.

https://www.zerohedge.com/political/us-and-china-agree-establish-trade-and-investment-boards-trump-xi-summit-delivers-modest