Wang Yi: US State Visit Deal Includes $30B Mutual Tariff Cuts

The significance lies less in the headline tariff figure than in the architecture: trade and investment councils plus a dedicated agriculture working group create standing channels that outlast any single negotiation. That matters most for cross-border capital flows and commodity-linked exposure, where policy predictability drives positioning more than the cuts themselves. Wang's own caveat about security overreach and decoupling pressure is the tension worth watching — institutional dialogue can coexist with continued restrictions, and whether the councils actually convene and produce is the open question.