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The Wall Street Journal announced the details of the agreement between the United States and China

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The Wall Street Journal announced the details of the agreement between the United States and China
March 04
13:00 2019

According to the authoritative newspaper The Wall Street Journal, America and China have come to the last stage of the transaction.

As it believes, the contract will be drawn up at the end of the month. Probably, the leaders will report about it during the summit of the two countries, which will be held after the Chinese leader returns from his trip to Italy and France.

According to WSJ, lifting of the majority of the restrictions will become the outcome of the agreement. So, China intends to remove the tariff for agricultural, chemical and automotive products from America. The US is talking about the possible lifting of all sanctions on goods from China.

It is already known that due to the transaction it will be possible to accelerate the lifting of restrictions on the foreign share in joint organizations, which produce cars.  It also means reducing tariffs for imported cars, which is now equal to 15%. According to the insider sources, China will increase the amount of goods purchased from the United States. One of the mandatory transactions will be the purchase of gas in the amount of $ 18 billion.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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