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.