# Sino-US Trade

A Precarious Peace: China and the U.S. Move to Institutionalize Managed Trade

China and the U.S. have reached a preliminary economic consensus to institutionalize trade relations through new governmental councils and a $30 billion reciprocal tariff reduction framework. The deal includes major Chinese purchases of Boeing aircraft and U.S. agricultural products in exchange for the removal of long-standing American regulatory barriers on Chinese exports.