World
US, China Open First Trade Council. On Mute.
The Take
Two economies worth 46 trillion dollars held their first-ever trade council on a screen. They discussed 30 billion dollars in reciprocal tariff cuts. Neither delegation booked a flight. The meeting lasted exactly as long as a firmware update. Someone forgot to unmute for the opening remarks. Trade wars end on mute.
The Wire
China and the United States held their first-ever virtual trade council meeting, discussing USD 30 billion in reciprocal tariff cuts and agricultural trade ahead of a Trump-Xi meeting, per ANI News and Central Oregon Daily. Politico reports the US also held first trade talks with Taiwan since 2016. The US Trade Representative noted a trade council meeting with Paraguay.
The receipts
Source: ANI News