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US, China Signal Willingness to Extend Trade Truce

Freightwatch Reporter

Freightwatch.news

·

Saturday, May 16, 2026

Trade Representative Jamieson Greer expressed guarded optimism that bilateral trade relations between the United States and China are stabilizing. Progress on agricultural purchases and rare earth material supplies has emerged in negotiations, according to Greer. The two nations have demonstrated interest in maintaining the current trade truce. Challenges remain substantial, however. Tariff structures and persistent supply chain disruptions continue to complicate efforts toward a comprehensive agreement. Greer's remarks suggest both countries recognize the economic benefit of avoiding further escalation, though fundamental disagreements on key trade issues persist.

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