๐จ๐ณ๐บ๐ธ The Chinese Ministry of Commerce reports that Beijing and Washington have struck a preliminary deal to cut some tariffs, confirming agreements related to agriculture and aircraft.
๐น Both parties have also agreed to establish a trade council and an investment council. The trade council will aim to negotiate the reduction of reciprocal tariffs on certain specific products, along with broader cuts on unspecified items, including agri-products.
๐น The two nations also stated they will โaddress or make significant progressโ in tackling non-tariff barriers and market access issues related to certain agricultural products.
๐น Both parties have also agreed to establish a trade council and an investment council. The trade council will aim to negotiate the reduction of reciprocal tariffs on certain specific products, along with broader cuts on unspecified items, including agri-products.
๐น The two nations also stated they will โaddress or make significant progressโ in tackling non-tariff barriers and market access issues related to certain agricultural products.