China says preliminary agreement reached with US to lower some tariffs

(Jones Hayden – Politico) China’s commerce ministry said on Saturday that Beijing and Washington had struck a preliminary agreement to reduce some tariffs, and also confirmed agricultural and aircraft deals reached during U.S. President Donald Trump’s trip to Beijing. The ministry’s statement came the day after Trump concluded a state visit to China for talks with Chinese President Xi Jinping. Trump had indicated on Friday that tariffs were not discussed in his meetings with Xi. In a statement posted on its website Saturday, the commerce ministry in Beijing said the two ⁠sides had agreed to establish a trade council and an investment council. The trade council will seek to ​negotiate reciprocal tariff reductions on specific products, as well as broader cuts on unspecified goods including ​agricultural products, it said. – China says preliminary agreement reached with US to lower some tariffs – POLITICO