SPY•China's commerce ministry urged the United States to work with China to put their $60 billion tariff-reduction arrangement into effect as soon as possible, saying it could create more favorable conditions for agricultural trade.
China's commerce ministry said it hoped the United States would work with China to bring their $60 billion tariff-reduction arrangement into effect as soon as possible. Ministry spokesperson He Yadong said the two sides were maintaining close communication about implementation.
The ministry said last week that Beijing was open to buying more U.S. farm goods, but only if both sides implemented their agreed "$30 billion-for-$30 billion" reciprocal tariff-reduction arrangement.
