On September 28, the Ministry of Commerce announced the status of the Sino-US Trade Council and the “30 billion to 30 billion” equivalent tax reduction framework. China and the US reached a consensus on a 30 billion US dollar equal tax reduction framework under the framework of the Trade Council, and agreed on a list of reciprocal tax reduction products based on their respective market needs and industrial interests. The US side will reduce tariffs on about 30 billion US dollars of imported goods from China, such as toys, home appliances, baby products, kitchen and bathroom supplies, and holiday gifts. The reporter interviewed a number of listed companies that have export business to the US in the toy, home appliances, kitchen and bathroom products industries. Although the rules for equal tax cuts between China and the US have not yet been announced, several companies interviewed said that the relevant matter is a marginal positive sign worth paying attention to.

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