Significant positive! U.S. suspends $250 billion in commodity tariff increases, and substantial prog
- Author:Kyrie
- Source:Search network
- Release Date:2019-10-12
according toShenzhen Sunny Worldwide Logistics Co., Ltd.latest news:
The Sino-US trade representatives launched face-to-face negotiations in Washington from October 10 to 11. The developments in the previous week made the tension between the two countries more complicated. Public opinion was not optimistic about the results of the consultation.
However, there is great news coming early in the morning, and the Sino-US negotiations have made substantial progress!
Under the guidance of the important consensus of the two heads of state, the two sides held frank, efficient and constructive discussions on economic and trade issues of common concern. The two sides have made substantial progress in the fields of agriculture, intellectual property protection, exchange rates, financial services, expanding trade cooperation, technology transfer, and dispute settlement. The two sides discussed the follow-up consultation arrangements and agreed to work together in the direction of final agreement.
According to a report by China International Television (CGTN) on October 12, the United States has suspended tariffs on Chinese imports worth US$250 billion. At the same time, China agreed to buy US agricultural products worth between $40 billion and $50 billion.
Earlier, the United States plans to increase the tariff of US$250 billion on Chinese imports from 25% to 30% from October 15.
▲ China International Television (CGTN) report
Liu He, the Chinese leader of the China-US Comprehensive Economic Dialogue, said that during this round of consultations, the two sides had a candid, efficient and constructive discussion on economic and trade issues of common concern, in agriculture, intellectual property protection, exchange rates, financial services, and expanded trade cooperation. Substantial progress was made in areas such as technology transfer and dispute settlement, and follow-up consultation arrangements were discussed.
The economic and trade teams of the two countries have made progress in consultations on some of the agreements. The two sides should properly resolve their concerns and strive for positive progress on issues in other fields. Maintaining the healthy and stable development of Sino-US relations is beneficial to both countries. The two sides should adhere to the tone of coordination, cooperation and stability, manage differences on the basis of mutual respect, expand cooperation on the basis of mutual benefit, and push forward bilateral relations along the right track.
Trump met with Liu He at the White House at 2:45 pm on the 11th, and brought the consultation to a climax. Trump personally announced that the two sides reached a "substantial first phase" agreement. Trump said that the agreement still needs to be written and will be signed in Chile within four or five weeks. He refers to the agreement signed by the leaders of the two countries during the APEC summit in Chile in mid-November.
Trump also issued a tweet on the morning of the 11th: "The big advantage of reaching an agreement with China is that for various reasons, we don't have to go through a long and politically complicated congressional approval process. When the agreement is fully negotiated, I can sign the agreement on my own behalf. Fast and clean!"
▲Trump issued two optimistic Twitter on the agreement between the US and China on the 11th
In addition, the People’s Daily issued a statement saying that the new round of high-level Sino-US economic and trade consultations is moving in the direction of solving problems.
After more than a year, Sino-US trade frictions have continued and the consultation process has been bumpy. Despite the ups and downs of the plot, only the morality that all things should follow is the decisive force that leads the direction of things. It is believed that the abolition of all tariffs, the trade war will really stop, and the constructive action to achieve trade balance and seek the greatest common denominator of common interests can finally resolve economic and trade issues.
However, there is great news coming early in the morning, and the Sino-US negotiations have made substantial progress!
Under the guidance of the important consensus of the two heads of state, the two sides held frank, efficient and constructive discussions on economic and trade issues of common concern. The two sides have made substantial progress in the fields of agriculture, intellectual property protection, exchange rates, financial services, expanding trade cooperation, technology transfer, and dispute settlement. The two sides discussed the follow-up consultation arrangements and agreed to work together in the direction of final agreement.
According to a report by China International Television (CGTN) on October 12, the United States has suspended tariffs on Chinese imports worth US$250 billion. At the same time, China agreed to buy US agricultural products worth between $40 billion and $50 billion.
Earlier, the United States plans to increase the tariff of US$250 billion on Chinese imports from 25% to 30% from October 15.
▲ China International Television (CGTN) report
Liu He, the Chinese leader of the China-US Comprehensive Economic Dialogue, said that during this round of consultations, the two sides had a candid, efficient and constructive discussion on economic and trade issues of common concern, in agriculture, intellectual property protection, exchange rates, financial services, and expanded trade cooperation. Substantial progress was made in areas such as technology transfer and dispute settlement, and follow-up consultation arrangements were discussed.
The economic and trade teams of the two countries have made progress in consultations on some of the agreements. The two sides should properly resolve their concerns and strive for positive progress on issues in other fields. Maintaining the healthy and stable development of Sino-US relations is beneficial to both countries. The two sides should adhere to the tone of coordination, cooperation and stability, manage differences on the basis of mutual respect, expand cooperation on the basis of mutual benefit, and push forward bilateral relations along the right track.
Trump met with Liu He at the White House at 2:45 pm on the 11th, and brought the consultation to a climax. Trump personally announced that the two sides reached a "substantial first phase" agreement. Trump said that the agreement still needs to be written and will be signed in Chile within four or five weeks. He refers to the agreement signed by the leaders of the two countries during the APEC summit in Chile in mid-November.
Trump also issued a tweet on the morning of the 11th: "The big advantage of reaching an agreement with China is that for various reasons, we don't have to go through a long and politically complicated congressional approval process. When the agreement is fully negotiated, I can sign the agreement on my own behalf. Fast and clean!"
▲Trump issued two optimistic Twitter on the agreement between the US and China on the 11th
In addition, the People’s Daily issued a statement saying that the new round of high-level Sino-US economic and trade consultations is moving in the direction of solving problems.
After more than a year, Sino-US trade frictions have continued and the consultation process has been bumpy. Despite the ups and downs of the plot, only the morality that all things should follow is the decisive force that leads the direction of things. It is believed that the abolition of all tariffs, the trade war will really stop, and the constructive action to achieve trade balance and seek the greatest common denominator of common interests can finally resolve economic and trade issues.
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