CAT

Xie Feng calls for 10-fold rise in US-China tariff-free trade under joint board

China's ambassador to the United States, Xie Feng, proposed raising the tariff-free goods limit under the newly created US-China Board of Trade from $30 billion to $300 billion — a 10-fold rise. Addressing the US-China Business Council gala in Washington, Xie said the existing basket was "far from big enough".