Beijing seeks opinions on China-US tariff cuts

China is seeking opinions from companies, business associations ​and local governments on proposed reciprocal tariff ‌cut arrangements with the United States on about $30 billion in trade, reports Reuters.

Teams ​from both sides have maintained close communication about ​the arrangements of the tariff reduction framework ⁠and the structure, functions and operating model of ​their Board of Trade, an official from China’s Commerce Ministry said at ​a press briefing.

“China is widely soliciting opinions from domestic ​enterprises, business ​associations, local ⁠governments, and US business associations on relevant tariff reduction arrangements,” said Meng Huating, ​the commerce ministry official, adding that ​the US ⁠is similarly seeking public opinions on tariff cuts.