China announces negotiation with US to reduce tariffs

US President Donald Trump (left) poses for photos with Chinese President Xi Jinping during a visit to Zhongnanhai Garden in Beijing on May 15, 2026.
Evan Vucci / Pool / AFP
China has agreed to work with the United States to reduce tariffs affecting tens of billions of dollars worth of products from both sides, according to a statement from the Chinese government released on Wednesday (20), just days after the president's visit Donald Trump to Beijing.
The world's two largest economies spent much of 2025 engaged in an intense trade war, until Trump and Xi Jinping signed a year-long truce during a meeting in South Korea in October.
Download GloboPop to watch short vertical videos from Globo
As a result of last week's meeting, the countries created a trade council in which "the parties agreed, in principle, to discuss a framework agreement for reciprocal reduction of tariffs on products of equivalent value", according to a statement from China's Ministry of Commerce.
The planned tariff cuts are expected to affect goods valued at "US$30,000 or more for each party", adds the document published on the internet and attributed to an unidentified official.
Entrepreneur's guide: Extra income vs main business
China stated that it expects "the American side to fulfill the commitment" made in the recent round of negotiations and asked for the extension of the trade truce agreements signed in the year last.
The Ministry of Commerce also reported that the country will reestablish the registrations of some US beef exporters, which had expired last year, at a time of greatest tension with Washington.
In confirming another result of the meeting between Xi and Trump, the ministry stated that China will buy 200 Boeing aircraft, without detailing the models.
In recent months, the American press reported that Beijing was about to place a large order with Boeing, which could include up to 500 737 MAX planes, in addition to almost 100 units of the 787 Dreamliner and 777 models.
Regarding rare earths - a strategic sector dominated by China and the target of export restrictions last year - the statement did not provide additional details.
"The parties will work together to study and resolve legitimate and legal concerns on both sides", stated the text.

Source: G1