Close Menu
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Facebook X (Twitter) Instagram Threads
Trending:
  • Indonesia is at a perpendicular intersection of two different roads – Financial Times
  • Modi avoids Norway media: How that led to storm over India’s press freedom | Freedom of the Press News
  • Visa launches “Agentic Ready” program in UAE to accelerate agent‑led commerce
  • MADA’s NextGen Cmte. preparing the next wave of auto leaders
  • Hong Kong tycoon Li Ka-shing to subsidise liver cancer surgery for 200 patients
  • US urged to honor commitment: future tariffs on China must not exceed Kuala Lumpur joint arrangement level: MOFCOM
  • Why Geopolitical Uncertainty Is Increasing Demand for Malaysian Bonds in 2026
  • Xi takes veiled ‘bullying’ swipe at Trump during Putin’s visit to China
  • Putin and Xi renew plans to build major gas pipeline during talks in Beijing – follow live
  • Why Dead Airbus A380s Are Now Aviation’s Most Valuable Spare-Parts Source
  • Indiana, North Carolina Highlight Billions in U.S. Pharmaceutical…
  • Japan, South Korea to strengthen LNG ties
  • Filipino student in Dubai earns Harvard invite after excelling in back-to-back international olympiads
  • Gunboat Diplomacy: Israel Intercepts Indonesian Journalists and Aid Flotilla Bound for Gaza
  • Reducing food loss in India through a decade of India–Netherlands cooperation
  • Supreme Court Hears Delhi Riots Bail Pleas, Says Prima Facie “We Are With You” Before Adjournment
  • Taiwan writer wins International Booker for ‘slyly sophisticated’ novel
  • Dubai-based Indian chef becomes World Vegetarian Champion and first runner-up at World Food Championships 2026 in US
Wednesday, May 20
Facebook X (Twitter) Instagram
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Simply Invest Asia
Home»Explore cities»Kuala Lumpur»US urged to honor commitment: future tariffs on China must not exceed Kuala Lumpur joint arrangement level: MOFCOM
Kuala Lumpur

US urged to honor commitment: future tariffs on China must not exceed Kuala Lumpur joint arrangement level: MOFCOM

By IslaMay 20, 20262 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The Ministry of Commerce of China File photo: VCG

The Ministry of Commerce of China Photo: VCG

It is hoped that the US side would honor its commitments, and in the future, regardless of imposing or replacing tariffs on Chinese goods on any ground, the level of US tariffs on China must not exceed the level agreed upon in the joint arrangements reached during the economic and trade talks in Kuala Lumpur, an official with China’s Ministry of Commerce (MOFCOM) said on Wednesday, in response to a question for details regarding the consensus China and the US have reached on relevant tariff arrangements.

Through subsequent consultations, the two sides should work to further remove relevant unilateral tariffs on China, thereby creating favorable conditions for expanding bilateral economic and trade cooperation, the official said. 

Tariffs are one of the key issues in China-US economic and trade relations. Since 2025, the two sides have held multiple rounds of consultations aimed at de-escalating the “tariff war,” the official said. 

In February 2026, the US Supreme Court ruled that tariffs imposed by the US government under the International Emergency Economic Powers Act (IEEPA) were unlawful. Subsequently, the US launched two Section 301 investigations against many of its trading partners and indicated that it would replace the earlier IEEPA tariffs with new Section 301 tariffs, according to the official from MOFOCM. 

During this round of economic and trade consultations, the Chinese and US economic and trade teams engaged in in-depth communications on tariff issues and reached arrangements on relevant bilateral tariffs, according to the MOFCOM official.

The two sides have agreed in principle to discuss, under the framework of a trade council, a reciprocal tariff reduction arrangement covering products of comparable scale — starting at $30 billion or more on each side. For mutually agreed products of concern to both parties, it is expected that Most-Favored-Nation (MFN) tariff rates or even lower rates could apply, the official said.  

The implementation of this arrangement would not only help stabilize and expand bilateral trade between China and the US but also provide a useful reference for global openness and cooperation, according to the MOFCOM official. 

The economic and trade teams of both sides will maintain close communication to finalize the specific arrangements and advance their implementation as soon as possible, MOFCOM official added.

Global Times 



Source link

Related Posts

Kuala Lumpur Kepong Bhd stock (MYL2445OO004): Palm oil and property business in focus

May 20, 2026

Tiffany and Ben’s Joyful Weddings in Brooklyn and Kuala Lumpur

May 19, 2026

Sunset Aerial View of the Kuala Lumpur City Skyline, Malaysia – Global Custodian

May 19, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Abandoned malls, whispers of nuclear war and young foreigners detained. This is what’s REALLY going on in Dubai… and the chilling warning one taxi driver gave to the Mail’s IAN BIRRELL

April 11, 2026

Guangzhou airport unveils replica of China’s first airplane

April 12, 2026

Aviation Capital Group Announces Departure of Chief Financial Officer

April 17, 2026
Don't Miss

Indonesia is at a perpendicular intersection of two different roads – Financial Times

By IslaMay 20, 2026

Indonesia is at a perpendicular intersection of two different roads Financial Times Source link

Modi avoids Norway media: How that led to storm over India’s press freedom | Freedom of the Press News

May 20, 2026

Visa launches “Agentic Ready” program in UAE to accelerate agent‑led commerce

May 20, 2026

MADA’s NextGen Cmte. preparing the next wave of auto leaders

May 20, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Top Trending

Filipino student in Dubai earns Harvard invite after excelling in back-to-back international olympiads

By IslaMay 20, 2026

Gunboat Diplomacy: Israel Intercepts Indonesian Journalists and Aid Flotilla Bound for Gaza

By IslaMay 20, 2026

Reducing food loss in India through a decade of India–Netherlands cooperation

By IslaMay 20, 2026
Most Popular

Kiwi track women overcome adversity to claim Malaysia World Cup win

April 24, 2026

Roblox Adds Strict Under-16 Rules to Meet Indonesia Law

May 1, 2026

The UAE’s exit from OPEC is bigger than the price of oil

April 29, 2026
Our Picks

Chinese FM meets Thai prime minister, foreign minister in Bangkok – news.cgtn.com

April 24, 2026

NEWS & OFFERS: Positive AerClub Changes, Virgin Red Partners with M&S & More April Malaysia LHR Flights

April 16, 2026

UAE to set up one billion dirhams national fund for industrial resilience

April 27, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Simply Invest Asia.
  • Get In Touch
  • Cookie Policy
  • Privacy policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.