Translated by ChatGPT, edited by Sinocism.com.

Source: MOFCOM | September 28, 2026

From September 20 to 23, the Chinese and US economic and trade teams held consultations in New York and Washington and reached positive understandings, contributing economic and trade outcomes to the meeting between the two presidents. The head of MOFCOM’s Department of American and Oceanian Affairs explained the outcomes.

9月20日至23日，中美经贸团队在美国纽约和华盛顿举行经贸磋商，取得积极共识，为两国元首会晤贡献了经贸领域的成果。商务部美大司负责人就有关经贸磋商成果进行解读。

I. On the Trade Council

一、关于贸易理事会

Following consultations, the two sides agreed to establish a China-US Trade Council under their economic and trade consultation mechanism, with the principal task of optimizing bilateral trade. The teams have agreed on its mission, structure, responsibilities, and consultation arrangements, which will be announced later. The council will first discuss the “$30 billion for $30 billion” reciprocal tariff reduction framework in pursuit of an agreement. An agricultural working group has been set up under it, and other arrangements to optimize bilateral trade will also be considered. We believe the council will provide an important platform and institutional support to lengthen the list of cooperation and shorten the list of problems, and promote sustained and stable improvement in economic and trade relations.

经过磋商，中美双方同意在中美经贸磋商机制项下建立中美贸易理事会，主要任务是优化双边贸易。双方经贸团队已就理事会的任务、架构、职责、磋商安排等达成共识，将后续公布。贸易理事会将首先就“300亿对300亿”对等降税框架进行讨论，以期达成共识。贸易理事会框架下设立了农业工作组，并还将考虑优化双边贸易的其他安排。相信贸易理事会将为中美在经贸领域不断拉长合作清单、压缩问题清单提供重要平台和机制保障，推动中美经贸关系持续稳定向好发展。

II. On the “$30 billion for $30 billion” reciprocal tariff reduction arrangement

二、关于“300亿对300亿”对等降税安排

To implement the important understanding reached by the two presidents, the two sides held multiple rounds of consultations on a $30 billion reciprocal tariff reduction arrangement within the Trade Council framework, on the basis of mutual respect and consultations on an equal footing, and have now reached agreement. Each side agreed to lower tariffs on approximately $30 billion of products imported from the other; tariffs on roughly 90% of the products on each side will fall to most-favored-nation rates. They will implement the reductions simultaneously after completing their respective domestic legal procedures. Further details will be announced later. The arrangement will help continue to stabilize China-US economic and trade relations and create better conditions for exports of relevant Chinese products to the US.

为落实两国元首会晤重要共识，中美双方基于相互尊重、平等协商，在贸易理事会框架下就300亿美元对等降税安排举行多轮磋商，现已达成共识。双方同意以对等方式降低自对方进口的规模约300亿美元产品的关税，其中各自约90%产品的关税将降至最惠国税率水平。双方将在按照各自国内法律履行相关程序后，同步实施降税安排。对等降税安排的有关情况将后续公布。这一安排有助于继续稳定中美经贸关系，为我相关产品对美出口创造较好条件。

III. On expanding coal trade

三、关于扩大煤炭贸易

The two teams agreed to include China’s tariffs on coal imported from the US in the “$30 billion for $30 billion” reciprocal tariff reduction framework. This will facilitate annual Chinese imports of US coal in 2027 and 2028. US coal imports will usefully supplement China’s domestic coal market and bring stable income and jobs to the US coal industry, helping stabilize and expand bilateral trade. We look forward to deeper, mutually beneficial cooperation in coal through the two sides’ joint efforts.

中美双方经贸团队达成共识，中方自美进口煤炭关税将纳入“300亿对300亿”对等降税框架，这将有利于中方在2027年和2028年每年自美进口煤炭。进口美国煤炭既是对中国国内煤炭市场的有益补充，也将为美国煤炭行业带来稳定的经济收入和就业，有利于稳定和拓展中美双边贸易。期待在双方共同努力下，中美煤炭领域合作不断深化，实现互利共赢。

IV. On a China-US Investment Council

四、关于中美投资理事会

The two sides agreed to establish a China-US Investment Council under the bilateral economic and trade consultation mechanism. It will provide a regular channel for communication. Their teams will conduct ongoing dialogue on potential investment opportunities and obstacles, improve policy transparency and predictability, and address reasonable business concerns, in accordance with each country’s laws and regulatory requirements.