China Seeks Input on Proposed US Tariff Cuts for $30 Billion Trade
China is soliciting opinions from companies, business associations, and local governments on proposed reciprocal tariff cuts with the United States, affecting approximately $30 billion in trade. This initiative follows a trade truce reached last year, with both nations agreeing to establish a Board of Trade to explore tariff reductions. The Chinese commerce ministry has indicated that agricultural products will be included in the tariff cut framework. Both countries are working towards finalizing specific arrangements to expand bilateral trade, with the U.S. also seeking public input on the matter.