China Hopes for American Cooperation to Lower Tariffs Early

Al-Taj News – China expressed its hope today, Thursday, that the United States will cooperate with it to ensure the entry into force of the mutual tariff reduction agreement, which covers imports worth $60 billion, as soon as possible, creating more favorable conditions for trade in the agricultural sector.

He Yadong, spokesman for the Chinese Ministry of Commerce, said during a press conference that the two sides continue close communication regarding the implementation of the agreement, expressing Beijing’s hope that the two parties will work together to apply it early.

The agreement is based on mutual tariff reductions covering imports worth $30 billion from each side, totaling $60 billion, rather than a tariff reduction of that value.