According to He Lifeng: “The atmosphere of the talks was candid, in-depth and constructive, and substantial progress was made, and important consensus was reached. The two sides agreed to establish a China-U.S. economic and trade consultation mechanism, clarify the leaders of both sides, and conduct further consultations on economic and trade issues of concern to each other. China and the United States will finalize the relevant details as soon as possible and will issue a joint statement reached at the talks on May 12.”

This ‘clarification‘ of sorts by Big Panda should not come as a surprise, despite the White House press release and the wording of the title.

Neither Secretary Bessent nor USTR Greer would make an announcement of a “trade deal” in advance of President Trump’s personal announcement. PERIOD!

As expected by anyone with common sense, the statement by Chinese Vice-Premier He Lifeng is considerably different from the U.S. media interpretation of the White House statement. According to He Lifeng: “The atmosphere of the talks was candid, in-depth and constructive, and substantial progress was made, and important consensus was reached. The two sides agreed […]{ai:summary}Chinese Vice-Premier He Lifeng stated that talks with the U.S. were constructive, resulting in substantial progress and a consensus to establish a consultation mechanism on economic and trade issues. This contrasts with the U.S. media interpretation of the discussions.The clarification suggests that no formal trade deal announcement will occur before President Trump's personal announcement, despite the White House's initial press release. #politics

Beijing Trade Statement: U.S and China Agree to "Establish a Consultation Mechanism and Conduct Further Consultations" - The Last Refuge

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