Macro
China and US discuss tariff cuts ahead of Xi-Trump meeting
Beijing calls the $60 billion tariff-cut deal a prerequisite for buying more US farm goods.
China and the US discussed tariffs and farm trade at their first trade council meeting on Friday, China's Commerce Ministry said. The ministry did not say whether any deal was reached.
Both sides proposed a $60 billion package of reciprocal tariff cuts after a September summit. It includes about $17 billion of US farm goods China imported in 2024. The plan is not yet finalised.
The White House said Trump will meet Xi on Thursday at the APEC forum in Shenzhen.
