China-US trade talks achieve progress

The Chinese Ministry of Commerce announced that the eighth round of economic and trade consultations between China and the United States, held in New York and Washington from September 20 to 23, resulted in positive consensus aimed at strengthening cooperation and reducing issues between the two countries. The parties agreed to establish a "Trade Council" to continue enhancing economic collaboration, including a mutual reduction of tariffs worth approximately $30 billion on about 90% of covered products, with a focus on sectors such as agricultural products, energy, and consumer industries. They also agreed to create an "Investment Council" and an "Agricultural Working Group" to address specific areas like the market and financial services, with ongoing discussions on economic challenges to ensure the stability and expansion of bilateral trade between the two nations.

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