Beijing seeks opinions on planned China-US tariff cuts on $30 billion in trade
China is seeking industry feedback on tariff cuts covering about $30 billion in goods as Beijing and Washington refine a new trade board.
- On Thursday, China's Ministry of Commerce began seeking feedback from domestic and American firms on proposed reciprocal tariff cuts covering about $30 billion in trade.
- Beijing and Washington established the Board of Trade following President Donald Trump's state visit to China in May, targeting duty relief on about $30 billion worth of goods.
- Meng Huating, Director of the Ministry of Commerce's Department of Foreign Investment Administration, confirmed both nations are finalizing the board's "framework, functions and operational model" while collecting stakeholder input.
- On Wednesday, Secretary of State Marco Rubio said the two countries are moving to implement the boards ahead of President Xi Jinping's expected visit to the United States this year.
- Beijing and Washington will agree on specific arrangements as soon as possible and advance implementation to further expand bilateral trade, according to commerce ministry officials.
10 Articles
10 Articles
Beijing seeks opinions on planned China-US tariff cuts on $30 billion in trade
China is seeking opinions from companies, business associations and local governments on proposed reciprocal tariff cut arrangements with the United States on about $30 billion in trade, the Chinese commerce ministry said on Thursday.
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = Regarding the $30 billion (approximately 44 trillion won) tariff cuts agreed upon by the two countries at the U.S.-China summit last May, the U.S. and China...
The Chinese Ministry of Commerce said that China and the US are in close communication regarding the structure of a trade board and tariff reductions, and are working on discounts on $30 billion worth of goods.
US-China Trade Deal Coming?
Key News Asian equities cheered Alphabet’s results, led higher by Korea on foreign buying, though volumes in the region were shockingly light. While Mainland China and Hong Kong had very broad rallies, it was interesting that China’s AI supply chain stocks, i.e. the “pick and shovels”, were mixed to lower in both Hong Kong and Mainland China. Monday’s IPO of ChangXin Memory (CXMT) on the Science & Technology (STAR) Board may have been a factor, …
The Ministry of Trade of China had already pointed out in May that agricultural products would form part of the tariff reduction framework
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
