China, US maintain close communication on tariff reduction arrangement

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China's Ministry of Commerce in Beijing. /VCG

China and the United States are maintaining close communication on implementing a reciprocal tariff-reduction framework that would cover $30 billion worth of products from each side, China's Ministry of Commerce said on Thursday.

He Yadong, the ministry's spokesperson, made the remarks at a regular press conference, saying the arrangement would help stabilize and expand bilateral trade and had raised high expectations among business communities in both countries.

He expressed hope that the two sides would work together to advance the implementation of the arrangement at an early date and create more favorable conditions for bilateral agricultural trade.

China and the United States are maintaining close communication on their respective concerns regarding trade and investment, He said, adding that progress will be announced in due course.

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