China and U.S. Establish New Trade Consultation Mechanism

China and the U.S. have taken a significant step forward in resolving trade tensions, agreeing to establish a dedicated mechanism for communication on their respective concerns. This follows discussions between both countries during a recent meeting in Geneva. As per a statement from the Chinese Ministry of Commerce, spokesperson He Yongqian confirmed China’s commitment to dialogue and resolution through regular communication channels. Further details regarding this new mechanism are expected to be released by the Chinese government at a later date.