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China and US hold first trade council meeting

China's Commerce Ministry says the China–US trade council met for the first time by video link, with talks on implementing prior agreements including tariffs and $30bn in reciprocal reductions.

$30bnReciprocal tariff reductions in talks

Confirmed

  • China's Commerce Ministry says the China–US trade council held its inaugural meeting, by video link
  • Ministry says talks covered implementing prior agreements, including tariffs and $30bn in reciprocal reductions

Not yet known

  • Unconfirmed: whether agriculture was among the topics discussed
  • Unconfirmed: whether both sides committed to continued dialogue
  • Unconfirmed: the full list of topics covered in the meeting

What we know

China's Commerce Ministry said the council held its inaugural video meeting. Reports say discussions covered tariffs, agriculture and $30bn in reciprocal tariff reductions, and both sides committed to continued dialogue.

What people are posting

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@FirstSquawk

“$30 Billion in Reciprocal Tariff Reductions”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.