China and the U.S. agreed in principle to reduce tariffs on select goods after a recent top-level summit in Beijing, China’s Commerce Ministry said on Saturday.
The two countries agreed to establish trade and investment councils to discuss issues such as tariff reductions, and “have agreed in principle to reduce tariffs on products of equal size of concern to each other,” the ministry said in a statement.
China and the U.S. will work on expanding two-way trade in agricultural products through “mutual tariff reductions on a certain range of products.” It was not immediately clear what products this would entail.
The two will also work on non-tariff “barriers and market access issues” related to agricultural goods, the commerce ministry said.
China and the U.S. also reached agreements on the purchase of American aircraft and the U.S.’ guarantee to supply aircraft engines and parts to Beijing, the commerce ministry said in a statement.
Saturday’s statement comes after U.S. President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Beijing earlier this week. Trump had touted Chinese commitments to purchase agricultural goods and aircraft, and claimed that China had also agreed to purchase American oil after the meeting.
China’s statement on Saturday indicated that the countries were still discussing the outcome of this week’s summit.
“The trade teams from both sides will, in accordance with the consensus reached by the two heads of state, finalize the outcomes as soon as possible and work together to implement them,” the commerce ministry said.
Trump and Xi met amid frayed ties between the world’s two largest economies, especially in the wake of a bitter trade war in 2025. The countries also remained at odds over U.S. export restrictions on artificial intelligence chips to China.
China had flagged Taiwan as a key point of focus for the talks, warning that mishandling of the situation could spur conflict with the United States.
Trump, just hours after his Friday meeting with Xi, warned Taiwan against declaring independence from China in a Fox News interview. China has long claimed Taiwan as part of its territory, and has criticized Washington’s supply of arms to Taipei.
Trump and Xi met amid frayed ties between the world’s two largest economies, especially in the wake of a bitter trade war in 2025. The countries also remained at odds over U.S. export restrictions on artificial intelligence chips to China.
China had flagged Taiwan as a key point of focus for the talks, warning that mishandling of the situation could spur conflict with the United States.
Trump, just hours after his Friday meeting with Xi, warned Taiwan against declaring independence from China in a Fox News interview. China has long claimed Taiwan as part of its territory, and has criticized Washington’s supply of arms to Taipei.
