According to the reports from Xinhua, US President Trump and China’s President Xi Jinping have agreed on additional tariffs from the United States.
During the G-20 summit in Argentina, the leaders of China and the United States were able to decide that the duties on export goods imported into America would not increase.
Sarah Sanders, representative of the White House, made a statement that Trump had agreed to keep 10% tariffs on goods worth $ 200 billion. They will not increase from January 1, as previously planned. In response to this, China will increase the procurement volume of American goods. This mainly concerns agricultural products. This measure will help reduce the trade deficit between the countries.
Before the negotiations, Donald Trump expressed hope about a mutually beneficial agreement. “I have an excellent relationship with Xi Jinping,” he added. The China’s leader stressed that relations between the two powers are very important not only for them, but also for the entire world economy. “Cooperation is the best choice for everyone,” he said.
The conflict began after the States imposed duties on Chinese goods worth $ 250 billion. China responded in kind. The observers note that the trade dispute was the main topic discussed at the meeting of the leaders of the two countries.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade