The White House has announced the establishment of two new bilateral bodies, the US-China Board of Trade and the Board of Investment, aimed at structuring the complex commercial relationship between the US and China. The Board of Trade will categorize products for favorable or restricted trade, focusing on sensitive technologies and advanced chips, under a "tariff canyon" policy. Meanwhile, the Board of Investment will address investment disputes, reflecting ongoing grievances such as US export controls and China's restrictions on rare earth minerals. Key figures include US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent, alongside Chinese Vice Premier He Lifeng. The initial scope of the Board of Trade could impact $30 billion to $40 billion in imports, affecting industries involved in the US-China trade relationship. Investors should monitor which products are approved or restricted, as these decisions will influence supply chains and publicly traded companies.