China and America agree to establish a trade council to reduce customs duties
Today, Thursday, the Chinese Ministry of Commerce announced an agreement with the United States to establish a trade council in which the economic and trade teams from both sides would discuss ways of cooperation, including reducing mutual customs duties.
Under the proposed arrangement, the two sides agreed in principle to discuss a frameworkFor reciprocal tariff reductions on products of similar size, with each side covering goods worth 30 billion Trade cooperation between China and the United States in the aircraft and agricultural sectors achieves mutual benefit and benefits both sides.
The Chinese Ministry of Commerce added that the two sides will continue understanding, and will encourage and direct their companies to strengthen relations and expand trade cooperation in these two fields.
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