US-China launch trade council, keep tariffs; first meeting held

Washington and Beijing held their first bilateral trade council meeting, establishing a new body to boost commerce in non-sensitive products while maintaining existing tariffs on Chinese goods. The move signals a modest de-escalation in trade tensions, though the continuation of tariffs indicates unresolved structural disputes. The council's practical impact on trade volumes remains uncertain.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works