China and the United States held the first meeting of their Board of Trade by video link on Friday, discussing tariffs and agricultural trade as they worked to implement the outcomes of earlier economic and trade consultations.
A key topic was the "30-for-30" arrangement, under which each country would lower tariffs on about 30 billion U.S. dollars' worth of goods imported from the other. The reductions would take effect simultaneously after both sides complete their respective domestic legal procedures.
Guided by the relevant understandings reached by the heads of state of the two countries, the two sides also exchanged views on other issues of concern to each. They described the discussions as candid, in-depth and constructive.
Both sides will continue talks through the board to address each other’s trade concerns, expand cooperation and narrow differences, contributing to a constructive China-U.S. relationship of strategic stability based on respect, fairness and reciprocity.
China, U.S. hold first Board of Trade meeting on tariffs, farm trade
China, U.S. hold first Board of Trade meeting on tariffs, farm trade
China, U.S. hold first Board of Trade meeting on tariffs, farm trade
