Xie Feng, China's envoy to the US,urged a big expansion of tariff-free trade at US-China Business Council gala in Washington Wednesday. He suggested boosting current limit from US$30 billion to US$300 billion . A move to tighten economic ties .
Xie aligned with American business leaders who see current tariff-free scope as too narrow. "I cannot agree more," he said, pushing for more exemptions. And with bilateral trade set to hit US$414 billion by 2025,he argued there's room to grow this . Plenty of it.
The US-China Board of Trade, born from former President Donald Trump’s China visit, focuses on easing trade by choosing non-sensitive sectors. Xie's pitch taps into business sentiment that more goods should join this list for better economic cooperation .
Talks are ongoing . But could this really reshape economic ties? Time will tell…
