China said it had agreed with the United States to lower tariffs on selected products and expand agricultural trade following a summit in Beijing between President Xi Jinping and US President Donald Trump, reported Bloomberg News.

The Ministry of Commerce stated that both sides would adopt reciprocal measures to boost trade, including cuts on farm goods. The statement confirmed plans for China to purchase US aircraft and pledged to address American concerns over beef and poultry imports.

Mr. Trump, who wrapped up his first visit to China in nearly a decade, mentioned that Beijing had agreed to buy 200 Boeing aircraft, with potential orders rising to 500. He added that China would also purchase up to 450 General Electric engines.

The ministry indicated that the two countries would establish boards of trade and investment to manage disputes and reduce tariffs on at least $30 billion in non-critical goods. US Treasury Secretary Scott Bessent cited fireworks as an example of low-end consumer products likely to remain in trade flows.

China also stated it would address US concerns over the automatic detention of dairy and aquatic products, as well as the export of potted plants. It added that Shandong province would be designated free of Highly Pathogenic Avian Influenza to facilitate poultry exports.

Bloomberg Economics noted uncertainty over tariff levels, warning that if Washington reinstated previous reciprocal rates, China's tariff burden could rise by about 10 percent, potentially prompting retaliation. Both governments nonetheless struck a positive tone, stating that dialogue and cooperation could resolve disputes.