[China and the United States held the first meeting of the Trade Council under the China-U.S. Economic and Trade Consultation Mechanism] November 14th. On November 13, China and the United States held the first meeting of the Trade Council under the China-U.S. Economic and Trade Consultation Mechanism via video conference. Guided by the important consensus reached at the meeting between the Chinese and US heads of state, the two sides conducted candid, in-depth and constructive exchanges on tariffs, the "30 billion to 30 billion" reciprocal tax reduction arrangement, agricultural product trade and other issues of mutual concern, focusing on the implementation of the results of the previous China-US economic and trade consultations. The two sides will continue to strengthen communication through the Trade Council, promote the resolution of their respective economic and trade concerns, continuously expand the list of cooperation, shorten the list of issues, and help build a constructive strategic and stable relationship between China and the United States based on respect, fairness, and reciprocity.