China, US in close talks on tariff cuts, trade and investment, commerce ministry says

The significance here is less the tariff math than the confirmation that implementation talks are live and being described as close, which is the kind of language markets treat as a signal of intent rather than a done deal. The business communities on both sides are the immediate constituency, given the stated expectations for stabilization. The open question is whether this stays at the level of reciprocal framework communication or converts into announced progress, and the ministry's promise of disclosure in due course leaves the timing entirely unresolved.