AI Brief
- China's commerce ministry urged the United States to cooperate in implementing a US$60 billion tariff reduction arrangement to boost agricultural trade.
- Both countries are maintaining close communication on the arrangement's implementation, according to ministry spokesperson He Yadong.
- China indicated willingness to buy more US farm goods if the reciprocal tariff-reduction agreement is fully implemented by both sides.
BEIJING: China's commerce ministry said on Thursday it hoped the United States would work with China to ensure that their US$60 billion tariff reduction arrangement come into effect as soon as possible, thereby creating more favourable conditions for agricultural trade.
The two sides maintain close communication regarding the implementation of the arrangement, He Yadong, a spokesperson for the ministry, said at a press briefing.
The ministry said last week that Beijing was open to buying more US farm goods, but only on the condition that the two sides implement their agreed "US$30 billion-for-US$30 billion" reciprocal tariff-reduction arrangement.
