China’s Commerce Ministry says Beijing and Washington agreed “in principle” to lower tariffs on certain products during US President Donald Trump’s recent visit to the country.
The ministry on Saturday outlined the economic and trade deal made during the talks between Trump and Chinese President Xi Jinping on Thursday.
The ministry said China and the United States agreed, in principle, to set up trade and investment councils, as well as to lower tariffs on products of respective concern through trade council discussions.
The ministry also said the two countries will address respective import restrictions on agricultural goods such as Chinese dairy products and American beef, and work to expand trade.
In aviation, it said the two countries agreed on China’s purchase of aircraft from the US, and for the US to supply aircraft engines and related parts to China.
Trump said about his meeting with Xi, that China agreed to buy 200 Boeing aircraft and billions of dollars of US soybeans.
A ministry spokesperson said the two sides are still in discussion over the details of the agreement, and aim to finalize the outcomes as soon as possible.