US-China hold first bilateral trade council meeting to manage tariff adjustments

The US and China convened the inaugural meeting of a bilateral trade council, a mechanism announced in June to manage reciprocal tariff adjustments on non-sensitive products. The meeting signals a continued effort to stabilize trade relations, though specific outcomes remain undisclosed. This development matters as it could lead to targeted tariff reductions, easing trade tensions between the world's two largest economies.

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