China and United States Reach Agreement on Multiple Trade and Economic Issues
Chinese Commerce Ministry spokesman He Yadong said the eighth China-US economic talks in New York produced consensus on several trade measures, including reciprocal tariff cuts and new councils.
During the eighth bilateral economic and trade consultation in New York, Chinese and American officials exchanged detailed views on issues of mutual interest. Participants included Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, alongside Chinese Commerce Ministry spokesman He Yadong. The discussions resulted in consensus on multiple points: reciprocal tariff reductions, the establishment of joint trade and investment councils, and the continuation of the framework agreed in Kuala Lumpur.
The meeting preceded President Xi Jinping's arrival in the United States, where President Donald Trump personally welcomed him at Joint Base Andrews. He Yadong indicated that both sides will keep close communication through the established consultation mechanism to follow up on the agreements.
Why it matters
The accord signals a thaw in China-US economic relations and could affect global trade dynamics.
How this story developed
- Sep 19 U.S. May Hold Off on Taiwan Weapons Sales Until After APEC and G20 Meetings
- Sep 21 US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in New York to propose an AI safety notification framework for the upcoming Trump-Xi summit.
- Sep 21 Treasury Secretary Scott Bessent called the eight‑hour New York talks “very successful” and presented a proposal for an AI safety notification mechanism.
- Sep 23 U.S. officials are considering extending the pause on Taiwan arms sales beyond the APEC summit.
- Sep 24 The Busan trade truce was extended to Jan. 10.
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