China and US discuss trade talks

The Chinese Ministry of Commerce announced that China and the United States continue to have close discussions regarding the Trade Council arrangements, its functions, and its operational model. The two sides are working on establishing a framework for mutual tariff reductions involving products worth $30 billion from each side, with feedback being received from companies, civil society, and government institutions regarding these arrangements. These steps aim to expand bilateral trade and strengthen commercial cooperation between the two countries.

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