Economy and macroUpdated Yesterday

China and US discuss reciprocal tariff arrangement at first trade council meeting

Asharq News reported that China and the United States held the first meeting of their economic and trade consultation mechanism on Friday, November 13. Citing China’s Commerce Ministry, it said the sides discussed implementing earlier understandings, including a reciprocal tariff-reduction arrangement valued at $30 billion for each side, as well as agricultural trade and other issues of mutual concern. The ministry described the discussions as candid, in-depth and constructive. Asharq News said the ministry did not state whether the sides had reached any agreement.

1 publisher1 report

Coverage started Yesterday