US and China reached "important consensus"

in trade talks, Chinese vice premier says

 

The US and China made “substantial progress” and reached an “important consensus” in their trade talks, Chinese Vice Premier He Lifeng said today following high-level meetings over the weekend.

He described the discussions as “candid, in-depth and constructive,” saying both sides agreed to establish a “trade consultation mechanism” for future discussions.

“China and the United States will finalize the relevant details as soon as possible and will issue a joint statement reached at the talks on May 12,” a readout from the Chinese delegation said.