China said it agreed with the U.S. to lower levies on some products to promote bilateral trade, underscoring how ties between the world¡¯s two largest economies are further stabilizing after the historic meeting of the leaders.
China¡¯s Ministry of Commerce on Saturday issued an update on bilateral trade talks following a two-day summit in Beijing between U.S. President Donald Trump and Chinese leader Xi Jinping.
The ministry said Beijing and Washington will adopt a series of measures, including mutually cutting levies on certain products, to expand bilateral trade in areas including agriculture. It didn¡¯t provide more specifics, adding that both teams are still currently negotiating over the details.
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