China’s Ministry of Commerce said the Chinese and U.S. trade teams are in consultations over a $30 billion reciprocal tariff-cut framework. Ministry spokesperson Huang Ling said the two sides are working on the arrangement and are seeking to put it into effect as soon as possible. The update was carried by ChainCatcher as a 7x24 news flash. No additional details on the timetable or the specific terms of the framework were disclosed in the brief statement provided.
According to ChainCatcher, Huang Ling, a spokesperson for China’s Ministry of Commerce, said Chinese and U.S. trade teams are in consultations over a $30 billion reciprocal tariff-cut framework and are seeking to implement the arrangement as soon as possible.
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