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Business News›News›International›World News›China, US reach consensus on multiple economic and trade issues: Chinese Commerce Ministry

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China, US reach consensus on multiple economic and trade issues: Chinese Commerce Ministry
Synopsis

China and the US reached consensus on multiple economic and trade issues during their eighth round of consultations in New York, including reciprocal tariff reductions, trade and investment councils, and extending arrangements from their Kuala Lumpur talks. The two sides also held their first dialogue on artificial intelligence, China said.

IANS

Beijing: China and the US have reached consensus on multiple economic and trade issues during their latest round of consultations in New York, where the two sides also held their first dialogue on artificial intelligence (AI), the Chinese Commerce Ministry said on Thursday.



He Yadong, a Chinese Commerce Ministry spokesman, told the media here that the two countries' economic and trade teams recently held their eighth round of consultations in New York, reaching consensus on several issues.



Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and American Trade Representative Jamieson Greer participated in the talks in New York on Sunday ahead of President Xi Jinping's arrival in the US.

US President Donald Trump accorded a rare airport reception to President Xi by personally receiving the Chinese leader when he arrived at Joint Base Andrews just outside Washington on Wednesday.



He Yadong said that at the New York talks, the two sides held candid, in-depth and constructive exchanges on economic and trade issues of mutual concern, reaching consensus on multiple issues including reciprocal tariff reductions, establishing trade and investment councils, and extending the joint arrangements reached at the Kuala Lumpur economic and trade consultation, state-run China Daily reported.



China will maintain close communication with the US side on follow-up work under the China-US economic and trade consultation mechanism, the spokesperson said.

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China US economic trade issuesChina US AI dialogueChina US tariff reductionChina US trade agreementHe LifengScott BessentJamieson GreerXi Jinping visit USKuala Lumpur economic consultationChinese Commerce Ministry

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