China seeks feedback on reciprocal tariff cuts with US
China's commerce ministry said it is widely soliciting views from domestic companies, business associations, local governments and U.S. business associations on proposed reciprocal tariff reduction arrangements with the United States covering about $30 billion of trade. The two sides have been in close communication about the tariff reduction framework and the structure and operating model of a newly agreed Board of Trade. Agricultural products were flagged as part of the framework, and officials said Beijing and Washington aim to agree specific arrangements soon to advance implementation and further expand bilateral trade.
China is soliciting feedback on $30 billion reciprocal tariff cuts.
Context
The two countries paused a tariff war late last year. They agreed to create a Board of Trade to study cuts on about $30 billion of goods. Next they may agree specific arrangements and begin implementation.
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