The Ministry of Commerce stated that China and the US are in talks on a reciprocal $30 billion tariff reduction arrangement.

At a regular press conference held by the Ministry of Commerce on the 10th, Ministry of Commerce spokesperson Huang Ling stated, in response to relevant questions, that the economic and trade teams of China and the United States are earnestly implementing the consensus reached at the Beijing meeting between the two heads of state. They are currently negotiating on a framework arrangement for a reciprocal tariff reduction of 3 billion USD, striving for early implementation. (Xinhua News Agency).