China’s Commerce Ministry said on Saturday that Beijing and Washington have agreed to reduce tariffs on some products to improve trade between the two countries. The announcement came only a few days after US President Donald Trump and Chinese President Xi Jinping completed a two-day bilateral summit.
After the meeting, the Chinese ministry released a statement saying both nations had agreed to strengthen economic ties again. “Beijing and Washington will adopt a series of measures, including mutually cutting levies on certain products, to expand bilateral trade in areas including agriculture,” the ministry said.
However, China did not reveal which products would receive tariff reductions. The ministry said officials from both sides are still discussing the details of the agreement.
China also confirmed plans to buy aircraft from the United States, though it did not mention the number of planes or the manufacturer involved. In addition, Beijing said it would actively respond to American concerns regarding agricultural imports from the US.
Trump Says Tariffs Were Not Discussed
After the summit, Trump suggested that tariffs were not part of his conversation with Xi Jinping. Speaking to reporters aboard Air Force One on Friday, Trump said, “We didn’t discuss tariffs. They’re paying substantial tariffs, but we didn’t discuss.”
However, the Chinese government later stated that tariffs were indeed discussed during the summit talks. This directly contradicted Trump’s remarks.
Trade Board to Oversee Tariff Cuts
US officials had earlier spoken about improving trade and investment relations between the two countries. On Friday, US Trade Representative Jamieson Greer said Washington and Beijing would create a trade board to supervise tariff reductions covering $30 billion worth of goods from each side.
Trump and several US officials also highlighted progress in agricultural trade discussions and aircraft sales during the summit.
