First Meeting of China-U.S. Trade Council Held via Video Conference
China and the U.S. held the inaugural meeting of their Trade Council, discussing tariffs and agricultural trade issues.
Beijing, November 14 (Daily Kiran) : China and the United States conducted the first meeting of the China-U.S. Economic and Trade Consultation Mechanism’s Trade Council through a video conference on November 14.
During the meeting, both sides engaged in open and constructive discussions guided by key agreements reached during the recent summit between their leaders. They focused on mutual tariff reductions, including a proposed agreement to cut tariffs by $30 billion each, agricultural trade, and other matters of mutual concern. The discussions also emphasized the implementation of outcomes from previous trade consultations.
Additionally, both parties committed to enhancing communication through the Trade Council. They aim to address their respective economic and trade concerns, continually expand areas of cooperation, reduce the list of issues, and foster a creative, strategic, and stable relationship based on respect, fairness, and reciprocity.
