Washington, June 3 -- The Trump Administration is establishing a US-China Board of Trade to optimise bilateral trade in non-sensitive products, initiating a public comment process on a mechanism to promote balanced and reciprocal trade with China. The Office of the United States Trade Representative (USTR) announced the development of this new government-to-government mechanism, intended to manage bilateral trade between the United States and China on an ongoing basis and consider certain tariff modifications between the countries.

"While robust tariffs remain in place to combat China's unfair trading practices and defend US interests, going forward, seeking balanced trade with China in key sectors and products can bring stability to thi...