China and US Agree to Implement All Existing Trade Agreements

China and the United States have reached an agreement to continue the implementation of all existing trade deals established during previous consultations. This decision was announced by Chinese Foreign Minister Wang Yi following a high-level meeting between Chinese President Xi Jinping and US President Donald Trump in Beijing. According to a statement from the Chinese Foreign Ministry, the delegations from both nations achieved generally positive results during their discussions. In addition to reaffirming their commitment to prior agreements, the two countries decided to establish new institutional frameworks, specifically a council for trade and a separate council for investment, to facilitate ongoing economic cooperation. The announcement marks a significant step in stabilizing bilateral economic relations between the world's two largest economies. The article highlights the diplomatic efforts to maintain continuity in trade policies despite potential political shifts, emphasizing the mutual interest in structured dialogue through the newly formed councils. This development suggests a pragmatic approach to managing complex trade dynamics and ensuring that previously negotiated terms remain in effect.