
China's Ministry of Commerce states it is open to increasing US agricultural imports, contingent on the implementation of a reciprocal tariff reduction agreement covering $30 billion in goods for both nations.
AI-generated summary
The US and China have been engaged in ongoing trade negotiations involving tariff adjustments. The current statement clarifies China's stance on agricultural imports.
Beijing says it remains open to buying more agricultural products from the United States, but wants reciprocal tariff cuts covering US$30 billion worth of products on each side to be implemented first under the US-China Board of Trade.
“China has always maintained an open attitude towards expanding agricultural imports from the United States, provided that the agreed-upon reciprocal tariff reduction arrangement – covering $30 billion on each side – is implemented,” Huang Ling, a spokeswoman for the Ministry of Commerce, said on Thursday.
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