The Chinese and U.S. economic and trade teams are holding consultations on a framework arrangement for reciprocal tariff reductions covering US$30 billion, a Chinese Ministry spokesperson said on Thursday.
Spokesperson Huang Ling made remarks at a regular press conference in Beijing when responded to media enquiry about the progress of the framework arrangement for reciprocal tariff reductions covering US$30 billion between China and U.S.
Huang said that the Chinese and U.S. economic and trade teams are earnestly implementing the consensus reached at the Beijing meeting between the two heads of state, and are in consultations on a framework arrangement for reciprocal tariff reductions covering US$30 billion, with a view to bringing it into effect at an early date.
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