China and United States teams finalize trade outcome details following high level summit

May 15, 2026, 2:05:10 PM UTC(7 hours ago)

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Foreign Minister Wang Yi confirmed that bilateral teams are actively working to finalize specific outcomes for trade agreements following the May 2026 summit
President Xi Jinping and U.S. leadership established a new framework for a constructive relationship of strategic stability intended to guide ties for the next three years
Recent discussions included potential cooperation on opening the Strait of Hormuz and addressing global economic risks through Boeing deals and rare earth stability
Market analysts noted that Beijing is seeking greater predictability in the relationship while the U.S. remains focused on specific economic deliverables and tariff adjustments
Trade envoys held a preliminary positive meeting in South Korea just hours before the formal Beijing summit to lay the groundwork for these negotiations

CHINA FOREIGN MINISTER WANG YI, ON TIES WITH U.S.: TEAMS ON TWO SIDES ARE STILL WORKING ON DETAILS FOR OUTCOMES ON TRADE - XINHUA