The Chinese and US economic and trade teams are earnestly implementing the consensus reached at the Beijing meeting between the two heads of state, and are in consultations on a framework arrangement for reciprocal tariff reductions covering $30 billion, with a view to bringing it into effect at an early date, Huang Ling, a spokesperson with China’s Ministry of Commerce, said at a regular press conference on Thursday.

A Chinese government spokesperson says China and the U.S. hope to reach an agreement on lowering import taxes soon

BEIJING (AP) — China and the United States hope to reach an agreement on lowering import taxes soon, a Chinese government spokesperson said Thursday, fueling expectations that an…