00:00China says it will buy 200 Boeing aircraft and is seeking to extend its trade truce with the United States
00:07in a move aimed at stabilizing ties after a high-level summit between President Xi Jinping and Donald Trump.
00:14Beijing confirmed the purchase in a Commerce Ministry statement, but did not specify aircraft types.
00:20If finalized, it would mark Boeing's biggest breakthrough in China in nearly a decade
00:25after years of trade tensions limiting U.S. access to the market.
00:32Trump says the deal could eventually expand to as many as 750 aircraft powered by GE Aerospace engines.
00:41On trade, both sides are exploring reciprocal tariff cuts on more than $30 billion of goods each,
00:48alongside continued talks on export controls and critical minerals, including rare earths.
00:54Beijing also says there has been progress on agriculture,
00:57including renewed access for American beef and poultry.
01:01Washington, meanwhile, has outlined major soybean commitments through 2028.
01:07The U.S.-China trade and tariff truce is set to expire in November.
01:11U.S. Treasury Secretary Scott Besson said that the U.S. is not in a rush to extend it,
01:17though further negotiations and a meeting between Trump and Xi Jinping are scheduled for September.
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