China says it will cut levies and expand farm trade after talks with U.S.

China said it agreed with the U.S. to lower levies on some products to promote bilateral trade, underscoring how ties between the world’s two largest economies are further stabilizing after the historic meeting of the leaders.
China’s Ministry of Commerce on Saturday issued an update on bilateral trade talks following a two-day summit in Beijing between U.S. President Donald Trump and Chinese leader Xi Jinping.
The ministry said Beijing and Washington will adopt a series of measures, including mutually cutting levies on certain products, to expand bilateral trade in areas including agriculture. It didn’t provide more specifics, adding that both teams are still currently negotiating over the details.
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