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China says to work with US on reciprocal tariff cuts for $30 billion of goods each

AFP
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China says to work with US on reciprocal tariff cuts for $30 billion of goods each

BEIJING: US President Donald Trump (R) shakes hands with China’s President Xi Jinping as he leaves after a visit to Zhongnanhai Garden in Beijing on May 15, 2026. (Photo: AFP)

BEIJING: Beijing has agreed to work with Washington on reducing levies affecting tens of billions of dollars in goods, a commerce ministry statement said Wednesday, days after US President Donald Trump visited China.


Under the auspices of a newly established trade council, "both sides agreed in principle to discuss a framework arrangement for reciprocal tariff reductions on products of equivalent scale", covering "$30 billion or more on each side", the online statement said.


US President Donald Trump was in Beijing last week, where he held talks with his Chinese counterpart, Xi Jinping, over a variety of issues, especially the trade tariffs.