American business expects progress from US-China trade talks — ECNS
A new round of economic and trade talks between China and the United States is underway in the US. Representatives of American businesses and industry associations expect the consultations to contribute to the further development of bilateral commercial ties and greater predictability for companies operating in both markets, ECNS reports.
Expectations of the agricultural sector
Jim Sutter, chief executive officer of the U.S. Soybean Export Council, said he is optimistic about the prospects for economic and trade relations between the two countries. According to him, the American soybean industry expects positive developments.
Sutter noted that trade in agricultural products, particularly soybeans, has long been a stabilizing factor in US-China relations. He added that American farmers consider China an important trading partner and their largest foreign market. According to the council's head, predictable market access ensures more stable trade flows and benefits both sides.
Companies' interest in the Chinese market
Liliana Lucioni, president of Coach China, also expressed confidence in the prospects of the Chinese market. The American fashion company Coach has more than 350 stores in over 90 cities in China and sees opportunities for further expansion.
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Tapestry Inc, the brand's parent company, reported last month record global revenue of $8 billion in fiscal year 2026. China accounted for about 17% of this amount, while the company's annual revenue in the Chinese market increased by more than 30%.
China's Ministry of Commerce said that the Chinese delegation at the talks in the United States from Saturday through Wednesday is headed by Chinese Vice Premier He Lifeng. The sides are discussing economic and trade issues of mutual interest.
Robin Xing, Morgan Stanley's chief China economist, said that greater strategic stability in China-US relations would benefit both economies. In his view, despite differences on certain sensitive issues, stable and moderate bilateral relations would help China sustain domestic demand and the United States address the sustainability of public debt.
