Key Facts About U.S.-China Board of Trade and Board of Investment

President Donald Trump and Chinese President Xi Jinping announced the establishment of two new institutions in Beijing last week to oversee the world’s most crucial bilateral economic relations. These institutions, termed the U.S.-China Board of Trade and the U.S.-China Board of Investment by the White House, aim to address the escalating trade tensions between the two global economic giants. The U.S. had imposed tariffs on Chinese goods, citing reasons such as the significant trade deficit with China, Chinese subsidies to state-owned enterprises, and intellectual property theft concerns. The trade volume between the U.S. and China decreased from over $690 billion…