China and the United States discussed reducing tariffs, agricultural trade and expanding economic cooperation at the first meeting of their Joint Trade Council.
Reuters reported on Saturday, November 14, that the meeting was held on Friday, days before a possible meeting between the leaders of the two countries in China.
China’s Ministry of Commerce said the two sides held constructive discussions on implementing previous trade agreements, mutually reducing tariffs and other issues of common interest.
However, the ministry did not provide details on whether the two countries had reached a new agreement during the meeting.
According to the report, China and the United States had previously proposed a $60 billion plan for mutual tariff reductions, but the proposal has not yet been finalized.
