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International Business Times
International Business Times
U.B. Prem

Trump-Xi Meet Paves Way For Tariff Reductions By China

US President Donald Trump with China's President Xi Jinping at the Great Hall of the People in Beijing on May 14. (Credit: (Brendan SMIALOWSKI / AFP via Getty Images/Getty Images)

China and the United States have reached a broad agreement on widening agricultural trade through tariff cuts.

The nations also agreed to tackle non-tariff barriers and issues impeding trade like market access, Reuters reported. The Chinese Commerce Ministry said these are preliminary agreements reached and will be "finalized as soon as possible."

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