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The Economic Times

Business

China, US slash tariffs on USD 30 billion on imports: Chinese Commerce Ministry

United States China Mofcom Donald Trump Coal Xi Jinping the Global Times

Beijing: China and the US have agreed on 10 outcomes from their latest economic and trade talks, including reciprocal tariff reductions on USD 30 billion worth of imports and the arrangement for the artificial intelligence (AI) dialogue, the Chinese Ministry of Commerce (MOFCOM) said on Monday.

The economic and trade teams of the two sides held consultations in New York and Washington from September 20 to 23, ahead of the summit meeting between President Xi Jinping and his US counterpart Donald Trump.

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