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China’s Ministry of Commerce: “Agreed with the U.S. to keep tariff levels stable… negotiations to continue”
Summary
- Li Chenggang, a vice minister of China’s Ministry of Commerce, said the U.S. and China have formed an initial consensus on some trade issues.
- Li said both sides held in-depth and constructive discussions and that they will continue to maintain the negotiation process.
- According to Reuters, China said it agreed with the U.S. to keep tariff levels stable.
Forecast Trend Report by Period
The United States and China are said to have reached an early-stage understanding on some trade issues.
According to Odaily, a media outlet specializing in virtual assets (cryptocurrencies), Li Chenggang, China’s vice minister of commerce and international trade negotiator, said on the 16th, “Over the past day and a half, the teams on both sides held in-depth, candid and constructive discussions.”
Li said, “Through these talks, we have already produced an initial consensus on some issues,” adding, “As the next step, we will continue to maintain the negotiation process.”
He did not elaborate on the specific details of any agreement or the agenda items. Reuters reported that China said it had agreed with the United States to keep tariff levels stable.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
