China and the United States held the first trade council meeting under their bilateral economic and commercial consultation mechanism via videoconference, the Chinese Ministry of Commerce announced on Saturday.
- The trade council held its inaugural meeting via videoconference on Friday, following an agreement reached in May 2026 to address commercial concerns.
- Discussions focused on implementing previous consultation results, including a reciprocal tariff reduction agreement covering roughly $30,000,000,000 in goods from each nation.
- Both sides plan to maintain communication through the council to resolve pending issues and expand bilateral cooperation.
China and the United States held their inaugural trade council meeting on Friday, November 15, 2026, using a virtual format to review bilateral economic ties, according to spanish.peopledaily.com.cn. Guided by consensus reached between the heads of state of both countries, officials worked to implement outcomes from earlier consultation rounds.
These talks follow the eighth round of economic and commercial consultations held in New York and Washington, D.C., from September 20 to September 23.
During the videoconference, representatives from both nations maintained an in-depth and constructive exchange regarding tariffs, agricultural trade, and other mutual concerns. The dialogue centered heavily on a reciprocal agreement to lower duties on approximately $30,000,000,000 worth of imported goods from each side.
Under the terms established during the September talks, duties on roughly 90 percent of the products covered by this mutual reduction will drop to most-favored-nation rates.
The stated objective remains the cultivation of a stable strategic relationship rooted in mutual respect, fairness, and reciprocity.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
