China, US Keep Communications on Reciprocal $300B Tariff Cuts on November 12

According to China's Ministry of Commerce via Xinhua on November 12, the "$300 billion for $300 billion" reciprocal tariff reduction framework benefits bilateral trade stability and expansion. Spokesperson He Yadong stated that both Chinese and U.S. businesses hold high expectations for the arrangement. The two countries are maintaining close communication on implementation and aim to expedite the framework's rollout. China and the U.S. are also in ongoing talks on trade and investment matters, with updates to be released as progress materializes.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.