Japanese Media: Important Achievements Made in China-U.S. Ministerial-Level Talks in South Korea
According to Japan's Jiji Press on May 13: China and the United States concluded their seventh ministerial-level trade talks in South Korea on the 13th.
Just prior to the upcoming China-U.S. leaders' summit scheduled for Beijing on the 14th and 15th, it is reported that final adjustments have been made to the agreement, including establishing a new framework to expand trade, increasing China's purchases of U.S. products, and lifting U.S. export restrictions.
Jiji Press cited Reuters reporting that the two sides may have reached an agreement on a framework aimed at expanding their bilateral trade worth $30 billion (4.7 trillion yen). Specific items involved have not yet been disclosed.
The two sides previously held ministerial-level talks in Paris in March. Nearly two months later, in South Korea, U.S. Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng met again.
According to U.S. media reports, the talks lasted approximately three hours.
Regarding tariff reductions—the central issue—reports suggest a general consensus had already been reached in earlier negotiations. This round of discussions may have been intended to address the Middle East situation, which has been a primary cause of high oil prices and global supply chain disruptions.
China stated: "We conducted candid and constructive discussions, resolving economic and trade issues of mutual concern and advancing substantive cooperation."
Original source: toutiao.com/article/1865082751649035/
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