U.S. President Donald Trump has the on 1. March deadline in the trade dispute with China moved. In the short message service Twitter Trump spoke on Sunday (local time) of the “significant progress” in trade talks with Beijing.
I am pleased to report that the U. S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very……
— Donald J. Trump (@realDonaldTrump) 24. February 2019
Among other things, substantial advances in the protection of intellectual property, technology transfers, in the currency and in the case of agricultural goods had been made. That’s why he move the deadline, after which he wanted to punitive tariffs on Chinese Goods will increase drastically.
….productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!
— Donald J. Trump (@realDonaldTrump) 24. February 2019
A new date, the U.S. President called first. Further progress provided should at a summit Xi Jinping in his luxury resort Mar-a-Lago, in the U.S. state of Florida, an agreement will be sealed to meet with the Chinese head of state, re-wrote Trump on Twitter.
vertices for trade Treaty
Trumps previous period would have expired on Friday. The US President had threatened to increase punitive tariffs on Chinese Goods dramatically, if by then no agreement is reached. Customs duties on Goods in the amount of 200 billion dollars would then increase from ten to 25 per cent. In recent days, Trump had made repeated but an extension of the deadline in view.
In the trade dispute began on Thursday a new round of Negotiations in Washington. The first two days of scheduled talks were extended to Sunday. The aim of the negotiations is the key points for a trade agreement between the two largest economies in the world.
The U.S. and China are stuck for a year in the Trade dispute, and have covered each other with massive punitive tariffs. Worldwide, this is fuelling Fears of a slump in the economy. Trump, the U.S. trade deficit with China is a thorn in the eye. He accused Beijing of unfair practices, including the theft of intellectual property. (chk/sda)
Created: 25.02.2019, 00:35 PM
