The Trump administration is advancing a novel approach to U.S.-China trade relations, proposing the creation of a formal 'U.S.-China Board of Trade' during planned high-level talks between President Trump and Chinese leader Xi Jinping. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer discussed this new framework with their Chinese counterparts in Paris, aiming to replace the current, often criticized, ad-hoc dialogues. The administration seeks to formalize and identify specific import/export targets to foster mutual benefit, particularly focusing on areas like agriculture, energy, and aviation. This marks a significant shift towards a more managed trade strategy, acknowledging past failures in altering China's trade practices through pressure alone.