BEIJING: Beijing has agreed to work with Washington on reducing levies affecting tens of billions of dollars in goods, a commerce ministry statement said Wednesday, days after US President Donald Trump visited China. Under the auspices of a newly established trade council, &quot;both sides agreed in principle to discuss a framework arrangement for reciprocal tariff reductions on products of equivalent scale&quot;, covering &quot;$30 billion or more on each side&quot;, the online statement said. US President Donald Trump was in Beijing last week, where he held talks with his Chinese counterpart, Xi Jinping, over a variety of issues, especially the trade tariffs.

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A statement from the Chinese Ministry of Commerce said that Beijing and Washington agreed in principle to discuss a framework arrangement for reciprocal tariff reductions on products of equivalent scale.

Articles tagged with "Tarrifs"

China says to work with US on reciprocal tariff cuts for $30 billion of goods each

China says to work with US on reciprocal tariff cuts for $30 billion of goods each