China, US discuss tariffs, farm trade at first trade council meeting
SPY•China and the United States held their first meeting under a bilateral trade council, discussing tariffs, a reciprocal tariff-reduction arrangement involving $30 billion on each side, agricultural trade and other issues.
1. Trade council meeting
China and the United States held their first trade council meeting by video on Friday, China's commerce ministry said. The sides discussed implementing outcomes from previous trade consultations, including tariffs, a reciprocal tariff-reduction arrangement involving $30 billion on each side and agricultural trade. They will continue using the council to address trade concerns, expand cooperation and reduce outstanding issues, the ministry said.
