Published • loading... • Updated
China says it hopes to agree with the US on tariff reductions at ‘an early date’
Negotiators are targeting equivalent cuts on $30 billion of non-sensitive goods as talks continue on a new trade body, officials said.
- Commerce Ministry spokesperson Huang Ling announced Thursday that negotiators are striving to implement reciprocal tariff reductions on $30 billion of goods "at an early date."
- President Donald Trump and Chinese leader Jinping are expected to meet in Washington on Sept. 24, with both governments characterizing the summit as a way to stabilize relations between the world's two largest economies.
- The negotiators aim to identify and reduce tariffs on $30 billion of "non-sensitive" goods as a central component of the China Board of Trade agreement established in Beijing.
- Natixis economist Gary noted the agreement could benefit the U.S. more, as $30 billion represents roughly 28% of its exports to China versus around 10% for Chinese exports the other way.
- The existing tariff truce between both countries expires in Nov., and Gary cautioned that "overall trade significance will be more limited than before, given the smaller bilateral volume.
Insights by Ground AI
34 Articles
34 Articles
China, US Discussing Framework Deal on Mutual Tariff Cuts - Commerce Ministry
BEIJING (Sputnik) - China and the United States are discussing a framework agreement that would reduce tariffs on $30 billion worth of goods on each side, Huang Ling, a spokesperson for the Chinese Ministry of Commerce, said on Thursday....
Santa Maria TimesReposted by 
Independent Español
Independent EspañolBEIJING (AP) — China and the United States hope to reach an early agreement to reduce import taxes, a Chinese government spokesman said Thursday, fueling expectations that there might be an announcement when the...
·Calhoun, United States
Read Full Article
Coverage Details
Total News Sources34
Leaning Left8Leaning Right9Center8Last UpdatedBias Distribution36% Right
Bias Distribution
- 36% of the sources lean Right
36% Right
L 32%
C 32%
R 36%
Factuality
To view factuality data please Upgrade to Premium
