US-China tariff deal excludes LNG, negotiations may expand

U.S.-China Board of Trade: The U.S.-China Board of Trade is a government-to-government mechanism created to optimize bilateral trade through structured dialogue on tariff modifications for non-sensitive goods. It functions as an ongoing channel involving senior U.S. and Chinese officials to identify and agree on reciprocal tariff treatments consistent with domestic laws. In the context of the latest tariff agreement, the Board provides a pathway for future expansion of negotiations to include additional commodities such as LNG. Energy Trade: LNG remains outside the scope of the initial tariff reduction agreement reached through the U.S.-China Board of Trade. Trade Framework: The U.S.-China Board of Trade serves as a dedicated bilateral forum for negotiating tariff adjustments on select non-sensitive products. Negotiation Timeline: Broader discussions to potentially include additional commodities under the U.S.-China Board of Trade are expected to continue over coming months.