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Author Topic: Congress leaders expect the US-China to reach a first phase of trade agreements  (Read 914 times)

Terry

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on: November 27, 2019, 01:53:31 AM
Congress leaders expect the US-China to reach a first phase of trade agreements before the end of this year.

 Chuck Grassley, chairman of the US Senate Finance Committee, said the United States and China will be able to reach a first phase of trade agreements before the end of this year. Mr Rasley said China invited Mr Steven Manuchin, US Treasury minister. And Robert Light Haiser, US Trade Representative (USTR) entered into negotiations in Beijing. Which Mr. Manuchin and Mr. Light Hiser are ready to travel to China If they think they have a chance to reach a final agreement The source states that Mr. Manuchin and Mr. Light Hiser will travel to Beijing. After passing this Thanksgiving festival on Thursday According to White House consultant Kelly Ann Conway, the United States and China are approaching the first phase of the trade agreement. After revealing that Trade officials of both parties discussed over the telephone. And agreed to proceed with negotiations

    "We are getting very close. And the first phase of trade agreement is very important In which President Trump wants to have agreements in various phases Because this is a very large trade agreement, "Conway said.

In this regard, Mr. Liu He, Deputy Prime Minister of China And is the leader of the China Trade Negotiation Council Had a telephone conversation with Mr. Manuchin And Mr. Lite Hiser this morning

During the said conversation The two sides discussed about the solutions to each concern. And achieving a consensus regarding appropriate trade solutions. In addition, both sides agreed to continue discussions on various issues in the first phase of trade negotiations.

The President Donald Trump said earlier that US Approaching First Phase of Trade Agreement with China Meanwhile, President Xi Jinping said that China will cooperate with the United States in the first phase of trade agreements based on mutual respect. And equality

The South China Morning Post reported citing sources that US and Chinese trade officials are approaching the first phase of trade agreements.

The source states that It is possible for both parties to reach a trade agreement before December 15, which determines the date the US will impose a 15% tax on Chinese imported goods in the amount of 1.56 billion dollars. But although both parties were unable to reach a trade agreement before that date President Donald Trump is also likely to postpone the said tax. Because do not want US consumers to be affected by the price of goods that will rise Which includes smartphones If tax is collected from China While close to the US shopping season


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