China and U.S. Agree to Discuss $300 Billion Tariff Reduction Framework on May 20

GateNews
According to China's Ministry of Commerce on May 20, China and the U.S. agreed in principle to discuss an equal-scale tariff reduction framework under a bilateral trade council, with each side potentially covering products worth $300 billion or more. Both parties have agreed that specified products of mutual concern may be subject to most-favored-nation rates or lower.
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