China and U.S. negotiators are working toward reciprocal tariff reductions covering $30 billion of nonsensitive goods from each side, Commerce Ministry spokesperson Huang Ling said Thursday. The talks are linked to the U.S.-China Board of Trade, created alongside a Board of Investment during President Donald Trump's May visit to Beijing. Trump and Chinese President Xi Jinping are expected to meet in Washington on Sept. 24, but expectations for a sweeping agreement remain limited. U.S. Trade Representative Jamieson Greer said Washington is not seeking a giant comprehensive trade agreement, while possible announcements could focus on agriculture, non-tariff barriers and tariff cuts. The current tariff truce expires on Nov. 10. The May summit also produced commitments for China to buy at least $17 billion a year in additional U.S. agricultural products through 2028 and an initial 200 Boeing aircraft. China has resumed major U.S. commodity purchases, including about 1 million metric tons of soybeans this week. Natixis economist Gary Ng estimated that $30 billion equals about 28% of U.S. exports to China, versus roughly 10% of Chinese exports to the U.S.