Beijing and Washington Strike Major Economic Agreements Including Aviation Deals and Tariff Cuts

The Chinese Ministry of Commerce announced a package of strategic economic and trade agreements with the United States, following a high-level official US visit to Beijing. The understandings included China's commitment to purchasing American-made aircraft, along with ensuring the supply of advanced engines and aviation components to the Chinese market. Both sides also agreed to establish specialized trade and investment councils to address pending issues, in addition to mutual tariff reductions on selected goods. Chinese commitments further encompass increasing imports of US energy and agricultural products, in a move aimed at bolstering bilateral economic cooperation and easing trade tensions.