China and the United States held the first trade council meeting within the framework of the economic and trade consultation mechanism between China and the United States.
On November 13, China and the United States held the first trade council meeting under the China-US Economic and Trade Consultation Mechanism via video conference. Guided by the important consensus reached at the China-US presidential meeting, the two sides conducted open, in-depth and constructive exchanges on tariffs, the "30 billion to 30 billion" mutual tax reduction arrangement, trade in agricultural products and other issues of mutual concern, focusing on implementing the results of the previous economic and trade consultations between China and the US.
The two sides will continue to strengthen communication through the trade council, promote the solution of their economic and commercial concerns, continuously expand the list of cooperation, shorten the list of issues and help build a constructive and stable strategic relationship between China and the US based on respect, fairness and reciprocity.