ZCZC
BCN-07
US-CHINA-TRADE-TRUMP
US, China achieve breakthrough in trade talks – Trump
WASHINGTON, Dec 22, 2019 (BSS/TASS) – The United States and China have
secured a breakthrough in their trade talks, the Phase One deal will be
signed shortly, US President Donald Trump said on Saturday, speaking at the
Turning Point USA Student Action Summit in Florida.
“We also took the toughest ever action against China and as a result we
just achieved a breakthrough on the trade deal and we will be signing it very
shortly,” he said. “They are already buying billions and billions of dollars
of products, agricultural products.”
“I spoke to [Chinese] President Xi [Jinping] yesterday,” Trump added.
On December 13, Washington and Beijing agreed the Phase One deal in
attempt to end a trade war that has been raging between the two countries.
The US representative at the trade talks, Robert Leitheiser, told reporters
that Trump had agreed to delay introduction of tariffs on Chinese goods.
Leitheiser also underlined that the deal will be signed in early
January, likely by the national trade representatives rather than the leaders
themselves. According to him, the agreements achieved will allow increasing
US export to China by $200 billion in two years, while the US trade deficit
will be reduced.
BSS/TASS/HR/1450