China and the United States agreed to reduce tariffs on some products to promote bilateral trade, according to a statement from the Chinese Ministry of Commerce, which describes the agreements as preliminary.
The Ministry of Commerce issued the statement this Saturday after a two-day summit held in Beijing between U.S. President Donald Trump and Chinese leader Xi Jinping.
China announced that Beijing and Washington will adopt a series of measures, including mutual tariff reductions on certain products, to expand bilateral trade in sectors such as agriculture, according to the minister. No further details were provided, and it was added that both parties are still negotiating the specifics.
The statement confirmed China’s plan to purchase U.S. airplanes, although it did not specify the quantity or brand. China also stated that it would actively address U.S. concerns about agricultural imports from that country. Trump had hinted that the tariff issue did not come up in his meetings with Xi.
“We didn’t talk about tariffs,” Trump told reporters on Friday aboard Air Force One. “They are paying substantial tariffs, but we didn’t talk about that.” Trump said China agreed to buy 200 Boeing (BA.N) planes, but analysts have questioned the lack of a timeline.
Read more Military diver dies in search of four missing Italian tourists in the Maldives
“The U.S. side will actively promote the resolution of China’s concerns regarding the automatic detention of dairy products and beverages, exports of bonsai in growing substrates to the United States, and the recognition of Shandong province as an avian influenza-free area,” says the Chinese Ministry of Commerce. It does not identify the affected companies or provide details on volumes, values, or deadlines.
“China will also actively promote the resolution of U.S. concerns regarding the registration of beef production facilities and exports of poultry meat from some U.S. states to China,” it adds.
The Ministry of Commerce confirmed agreements on “China’s purchases of U.S. aircraft and U.S. guarantees on the supply of engines and aircraft parts to China,” without giving further details. It also indicated that talks on the details were ongoing and that the agreements would be “finalized as soon as possible.”
Read more Àlex Márquez is once again a hero in his homeland with the victory in the Montmeló Sprint
