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Beijing explores reciprocal tariff cuts with United States on $30 billion in trade.

Reuters ·
  • China is consulting with companies, local governments, and business associations regarding a reciprocal tariff reduction arrangement with the U.S. covering $30 billion in trade.
  • The framework for these cuts was established following a trade truce late last year and the subsequent formation of a joint Board of Trade to identify applicable goods.
  • Agricultural products are expected to be a primary component of the upcoming tariff reduction framework.