US and China Reach Trade Agreements After Xi-Trump Summit
Following a summit between leaders Xi and Trump, China and the United States agreed to establish trade and investment councils and reduce tariffs on certain goods. China also restored US beef trade, a move that raised concerns among Brazilian exporters.
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China and US agree to establish trade and investment councils after Xi-Trump summit
China and the United States have agreed to establish trade and investment councils, committing in principle to match each other’s tariff cuts on a reciprocal basis. “The two sides will use the Trade Council as a forum to discuss issues such as tariff reductions on specific products,” China’s Ministry of Commerce said in a statement on Saturday, without providing further details. The world’s two largest economies also made progress on agricultural trade and aircraft, the statement added. The t...
By Xiaofei Xu,Ji Siqi,Xinyi Wu
Read full article →China restores US beef trade amid Trump-Xi summit, alarming Brazilian exporters - The Star | Malaysia
China restores US beef trade amid Trump-Xi summit, alarming Brazilian exporters The Star | Malaysia
Read full article →China, US agree to reduce tariffs on certain goods
According to a statement by China's Ministry of Commerce, China and the United States have agreed to reduce tariffs on certain goods in order to promote bilateral trade.
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