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Jin10 data reported on June 12, at a regular press conference held by the Ministry of Commerce on the afternoon of June 12, a reporter asked about the situation of the first meeting of the China-U.S. economic and trade consultation mechanism. The spokesperson for the Ministry of Commerce, He Yadong, stated that from June 9 to 10, the China-U.S. economic and trade teams held the first meeting of the China-U.S. economic and trade consultation mechanism in London, UK. The two sides reached a principled consensus on the framework of measures to implement the important consensus reached during the telephone conversation between the two countries' leaders on June 5 and to consolidate the results of the Geneva economic and trade talks, making new progress in addressing each other's economic and trade concerns. In the next step, both sides will further leverage the role of the China-U.S. economic and trade consultation mechanism, continue to maintain communication and dialogue, continually enhance consensus, reduce misunderstandings, strengthen cooperation, and jointly promote the stable and long-term development of China-U.S. economic and trade relations. (Riyue Tan Tian)
On June 12, Jin10 reported that Trump is preparing to sign key parts of the US-UK trade protocol, which will drop tariffs on British car exports to the US in exchange for opportunities for American beef and ethanol producers to enter the UK market. On May 8, Trump and Starmer signed a five-page "Economic Prosperity Protocol" during a televised press conference in the Oval Office, and a month later, the "cars for agriculture" protocol was signed. British officials familiar with the negotiations indicated that both sides are still negotiating the part of the protocol that Starmer mentioned, which would allow UK steel manufacturers to enter the US without tariffs. British officials are now hopeful that the protocol will be signed this weekend.