Business · Trade · 3 hrs ago

China and US Discuss Tariffs and Farm Trade Before Xi-Trump Meeting

China and US Discuss Tariffs and Farm Trade Before Xi-Trump Meeting

China and the United States held their first trade council meeting by video on Nov.

13.

Officials discussed tariff cuts, agricultural trade and other economic issues, but no agreement was announced.

The council is part of a mechanism for the two countries to address trade concerns and expand cooperation.

After a September summit, the countries proposed a package of reciprocal tariff cuts worth US$60 billion, but it has not been finalised.

China has urged the United States to implement the plan, while Chinese purchases of US farm goods other than soybeans are on track to reach a seven-year low in 2026.

President Donald Trump is due to meet President Xi Jinping on Nov.

19 in Shenzhen, according to the White House, and the council is expected to continue discussions.

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China’s Commerce MinistryGovernment ministry
The two sides held candid, in-depth and constructive exchanges on implementing the outcomes of previous China-US economic and trade talks, including tariffs, a reciprocal ‘US$30 billion (S$38.6 billion)-for-US$30 billion’ tariff-cut arrangement, agricultural trade and other issues of mutual concern
via Straits Times