“The day before US President Donald Trump and China’s leader Xi Jinping held telephone talks”, – WRITE: www.radiosvoboda.org
According to him, the US delegation will include Finance Minister Scott Bessent, the Minister of Commerce Howard Lutnik and US trade representative Jajmison Grair.
Beijing does not report this meeting at this time.
The day before, US President Donald Trump and China’s leader Xi Jinping have held telephone talks. According to Trump, the conversation, which was focused on trade, ended with a “very positive result.”
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.