Overview
- China’s commerce ministry said Thursday it is widely soliciting views from domestic firms, business groups, local governments and U.S. associations on reciprocal tariff cuts covering about $30 billion in goods per side.
- Beijing and Washington created a Bilateral Board of Trade and a Board of Investment after President Trump’s May visit to map which duties could be cut and to set the boards’ rules, functions and operating model.
- Chinese officials said agricultural products are expected to be included in the package and both governments are running parallel public comment periods to shape which product lines qualify for cuts.
- U.S. and Chinese teams remain in close technical talks and some U.S. officials have signalled they aim to deliver concrete outcomes before expected high-level visits later this year.
- The effort is a limited, reciprocal pilot that follows last year’s trade truce and could ease costs for exporters and importers if implemented, while leaving strategic items such as advanced technology out of scope.