Marco Rubio says aiming for China trade, investment boards by Xi visit

US Secretary of State Marco Rubio said the US and China are moving toward establishing boards for investment and trade ahead of President Xi Jinping’s planned visit in September.

Rubio spoke with Chinese Foreign Minister Wang Yi in Manila about the issues, calling the boards a potential concrete deliverable before September.

The two sides agreed to form the boards during President Donald Trump’s visit to Beijing in May, which helped stabilize ties after tariff increases and rare earth restrictions.

The Board of Trade would aim to see tariffs reduced on at least $30 billion in non-sensitive goods between the countries, according to US officials including Treasury Secretary Scott Bessent.

Rubio expects Xi’s visit to the US to be positive, with Trump previously indicating Xi would visit around September 24.