As the Trump administration gradually refines the details of the "Trade Committee" agreed upon by China at the beginning of this month, U.S. trade groups and companies are eager to submit feedback, even though they are unclear about how exactly this mechanism will operate—they know, however, that they must seize this opportunity. Both sides have stated that the framework will cover exports worth $30 billion or more for each country, accounting for a significant portion of the over $650 billion in goods and services trade between the two nations. Lobbyists on K Street are growing increasingly optimistic that this mechanism will evolve into a major channel for tariff reductions between China and the United States, signaling that the U.S. government is gradually stepping back from the full-scale trade war launched by Trump against China last year.
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Original article: toutiao.com/article/1866684516854985/
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