MOFCOM BJT
Q: What is the current progress of the reciprocal tariff reduction framework arrangement of USD 30 billion on each side reached by China and the U.S. last time? (MOFCOM Regular Press Conference September 10, 2026)
A: The economic and trade teams of China and the U.S. are earnestly implementing the common understandings reached by the two heads of state at their Beijing meeting. They are conducting consultations on the “30 for 30” reciprocal tariff reduction framework arrangement and striving for its early implementation.