the UNITED states and China has over the weekend made so much progress in the negotiations on a trade agreement, that president Donald Trump has decided to postpone a planned increase of tariffs on goods from China.
u.s. tariffs on chinese imports to a value of 200 billion u.s. dollars was scheduled to be put up to 25 percent from 10 percent on Friday, 1. march.
Trump justify in a tweet on Sunday evening the postponement, with the ‘significant progress’ in handelssamtalerne with China.
– If both parties make further progress, we will arrange a summit with president Xi and myself in the Mar-a-Lago to complete a deal, he writes.
Mar-a-Lago, Trumps property in Florida, where the two leaders previously met.
Negotiators from the two countries in almost three months on shift had conversations in Beijing and in Washington D. C.
Trumps announcement Sunday it is so far the clearest sign of possible breakthrough in the negotiations.
Handelskonflikten between the world’s two largest economies are triggered by u.s. accusations that China is stealing technology from foreign companies, and on the whole does not follow the international rules of trade.
The two countries have put import duties on each other’s goods for billions of dollars. The conflict has created nervousness in the financial markets and economists have warned about the consequences for the global economic growth, if toldkrigen continues.
Trump had originally planned to raise the duty rate to 25 percent from the 1. January.
But in the beginning of december, he and China’s president Xi agreed to try to negotiate an agreement. Therefore, Trump the increase to the 1. march.
