EVENT INFORMATION

15
May
2026

Wang Yi announces framework to expand two-way trade

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📅 15 May 2026 📍 China, United States

Wang Yi said the two governments would work to expand trade under a reciprocal tariff-reduction framework following leader-level talks. The announcement signaled de-escalation in a conflict whose costs spread across global supply chains. The framework’s distributional effects depend on implementation and on which sectors and workers gain from renewed trade.

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People in this event

Wang Yi

Chinese and US economic officials

Organizations in this Event

Ministry of Commerce

US trade authorities