China’s Commerce Ministry said Saturday that Beijing and Washington reached a preliminary agreement to lower tariffs on certain products and expand bilateral trade, following recent meetings between Chinese President Xi Jinping and U.S. President Donald Trump in Beijing.
According to a statement released by the ministry, both sides agreed to promote two-way trade through mutual tariff reductions on selected products, including agricultural goods. Officials said the agreement aims to support trade growth while addressing key concerns from both countries.
The ministry said the two countries will establish a trade council and an investment council to help manage future economic discussions. The trade council is expected to negotiate reciprocal tariff reductions on specific products and explore broader tariff cuts on additional goods, including agricultural products.
China said both sides agreed in principle to lower tariffs on products considered important to each country on an equivalent scale, though no further details were provided on which goods would be included or when the reductions would take effect.
The statement also noted that both governments agreed to work toward resolving non-tariff barriers and improving market access for certain agricultural products as part of broader trade discussions.
In the aviation sector, China and the U.S. also reached agreements related to aircraft purchases and supply arrangements. Earlier, Trump said China had agreed to purchase 200 aircraft from Boeing, along with aircraft engines from General Electric.
The announcement came a day after Trump concluded his state visit to Beijing, where he held talks with Xi. While tariffs had been expected to be a key topic ahead of the summit, Trump told reporters on Air Force One that tariff issues were not discussed during the meetings.
The preliminary agreement signals continued trade engagement between the two largest economies as both sides seek to address market access concerns and strengthen bilateral trade relations.
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