Hey there, globe-trotters and trendsetters! 🤝 After two days of face-to-face talks in Kuala Lumpur, delegations from the Chinese mainland and the U.S. locked in a basic consensus on key trade concerns. This vibe is all about cooperation over confrontation—good news for our connected, fast-paced world.
So, what’s on the table? They tackled:
- Tariffs & sectors: Maritime, logistics & shipbuilding 🛳️
- Agricultural trade: From Malaysia’s palm oil to Indonesian coffee ☕
- Export controls: Tech supply chains & digital goods 💻
- Law enforcement: Fentanyl-related tariffs & cooperation 🚨
Both sides agreed to hammer out the details and follow their domestic approval processes. They emphasized that stable trade relations mean win-win results—importantly, it fuels growth for businesses, startups & consumers across Asia and beyond.
As Vice Premier He Lifeng noted, "Maintaining stable development of trade relations serves shared interests and meets global expectations." The U.S. team echoed this, highlighting respect, equality & mutual trust as the pathway forward.
Next up: leveraging the China-U.S. economic & trade consultation mechanism for ongoing dialogue, managing differences, and promoting sustainable growth. 🌏✨ Stay tuned—this trade story is one to watch!
Reference(s):
China and U.S. reach basic consensuses to address trade concerns
cgtn.com
