Trade war US-China summit: trade agreement delayed

Торговая война США и Китая: саммит по торговому соглашению откладывается

Торговая война США и Китая: саммит по торговому соглашению откладывается

The signing of a trade agreement between the United States and China has been postponed. The parties will be able to prepare a document by June, as it took more time to harmonize all of its provisions.

According to interlocutors of the edition South China Morning Post, it is unlikely that the negotiations of the President of the United States Donald trump and the President of the people’s Republic of China XI Jinping will take place in April. Sources believe that the spring side of time to come to final agreements.

Although the official representatives of both countries have stepped up contacts and discuss the text of the trade agreement, according to the interlocutor of the newspaper in administration of the tramp had disagreements over trade deal with China.

Recall that China imposed duties on 128 items imported from USA. Fees for fruit and their products – 15%, and pork products – 25%. These measures were a response to the establishment by the President of the United States Donald trump duties of 25% on imports of US steel and 10% on imports of aluminium 4 April 2018.

In our copyright material “Impact on the world economy: a trade war United States and China,” noted that the deterioration in trade relations between the superpowers USA and China is on the rise.

On 23 August it was reported that China and the United States imposed a mutual duty on $32 billion in trade between the two countries. August 31 the President of the United States announced the introduction of new trade duties on imports of Chinese goods with a total cost of $ 200 billion. Then Beijing canceled scheduled for the end of September the visit of the Vice Premier of China Liu he in the nation’s capital. Thus negotiations between the two countries are postponed for an indefinite period. 24 September the US imposed 10% tariffs on imported Chinese goods at $200 billion, and in turn China has imposed duties on American imports by $60 billion. In the end it became known that in the tariff war that the USA waged against China, Beijing does not intend to take a purely defensive position and intends to go to the counter.