““The conversation lasted about one and a half hours and ended with a very positive result for both countries””, – WRITE: www.radiosvoboda.org
“I just completed a very good telephone conversation with the leader of China SI, discussing some of the intricacies of our recently concluded and agreed trade agreement. The conversation lasted about one and a half hours and ended in a very positive result for both countries. There should be no questions about the complexity of liquid land products, ”he wrote on social networks.
Trump also announced a meeting of American and Chinese teams. According to him, the United States will be represented by Finance Minister Scott Bessent, the Minister of Commerce Howard Lutnik and the US trade representative, Ambassador Jajmison Grair.
Trump stressed that the conversation was almost completely focused on trade, nothing was discussed about Russia/Ukraine or Iran.
According to the Xinhua Chinese agency earlier, the negotiations took place at Trump’s request.
On the eve of Politico, Donald Trump believes that talking to Xi Jinping would help restart trade talks between tensions. And a person familiar with trade negotiations said that Trump is “obsessed with the idea of talking to SI.”
In early May, China and the United States agreed to introduce a 90-day moratorium on both parties a significant increase in import duties in mutual trade. Countries have agreed to reduce mutual duties by 115%: the United States – from 145%to 30%and China – from 125%to 10%.
Read also: Trump accused China of breach of trade agreements
The White House noted that the US and China’s governments, recognizing “the importance of bilateral economic and trade relations,” they decided to reduce duties since May 14.
The markets responded to reports on the growth of quotations.
In April, US President Donald Trump announced the introduction of trade duties on imported goods from almost all countries of the world. He subsequently suspended tariffs for all countries, reducing the basic duty to 10%, making an exception only for China for which he raised duties. The PRC also responded with increasing import tariffs.
The US administration explained the increase in duties on China’s imbalance in trade with this country, insufficient, in Washington’s view, Beijing’s efforts to combat the export of synthetic drugs of Fentanyl, “the disrespect that China shows to the world markets.” China, in turn, stated that he would not make concessions and protect his interests.