China says it hopes to agree with US on tariff reductions at ‘an early date’
- Commerce Ministry spokesperson Huang Ling announced Thursday that negotiators are striving to implement reciprocal tariff reductions on $30 billion of goods "at an early date."
- President Donald Trump and Chinese leader Jinping are expected to meet in Washington on Sept. 24, with both governments characterizing the summit as a way to stabilize relations between the world's two largest economies.
- The negotiators aim to identify and reduce tariffs on $30 billion of "non-sensitive" goods as a central component of the China Board of Trade agreement established in Beijing.
- Natixis economist Gary noted the agreement could benefit the U.S. more, as $30 billion represents roughly 28% of its exports to China versus around 10% for Chinese exports the other way.
- The existing tariff truce between both countries expires in Nov., and Gary cautioned that "overall trade significance will be more limited than before, given the smaller bilateral volume.
27 Articles
27 Articles
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China, US Discussing Framework Deal on Mutual Tariff Cuts - Commerce Ministry
BEIJING (Sputnik) - China and the United States are discussing a framework agreement that would reduce tariffs on $30 billion worth of goods on each side, Huang Ling, a spokesperson for the Chinese Ministry of Commerce, said on Thursday....
BEIJING (AP) — China and the United States hope to reach an early agreement to reduce import taxes, a Chinese government spokesman said Thursday, fueling expectations that there might be an announcement when the...
US-China eye tariff cuts on USD 30 billion before Trump-Xi summit
China and the US are working towards early reciprocal tariff cuts before Donald Trump meets Xi Jinping in Washington. The move could steady strained ties, though a wider trade deal still appears unlikely.
China says it hopes to agree with US on tariff reductions 'at an
Visitors tour a Johnson & Johnson's booth promoting medical machines at the medical service sector for China International Fair for Trade in Services (CIFTIS) at the Shougang venue in Beijing, Wednesday, Sept. 9, 2026. (AP Photo/Andy Wong)
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- 37% of the sources lean Left, 37% of the sources are Center
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