Thank you for reading the news about China says hopes it can reach trade agreement with US as soon as possible and now with the details
Jeddah - Yasmine El Tohamy - BEIJING: China said on Monday that it hoped to make a trade deal with the US as soon as possible, amid intense discussions before fresh US tariffs on Chinese imports are due to kick in at the end of the week.
Beijing hopes it can reach a trade agreement with the US that satisfies both sides, Assistant Commerce Minister Ren Hongbin told reporters on Monday.
“On the question of China-US trade talks and negotiations, we wish that both sides can, on the foundation of equality and mutual respect, push forward negotiations, and in consideration of each others’ core interests, reach an agreement that satisfies all sides as soon as possible,” Ren said.
China and the US are negotiating a so-called “phase one” deal aimed at de-escalating their prolonged trade dispute, but it is unclear whether such an agreement can be reached in the near term.
Washington’s next round of tariffs against Chinese goods are scheduled to take effect on Dec. 15.
China has demanded that some of the existing US tariffs imposed on about $375 billion worth of its exports be removed, in addition to cancelation of the Dec. 15 tariffs on some $156 billion of its remaining exports to the US.
US President Donald Trump has demanded that China commit to specific minimum purchases of US agricultural products, among other concessions on intellectual property rights, currency and access to China’s financial services markets.
White House economic adviser Larry Kudlow said on Friday that the two sides had talked almost daily, but there were currently no plans for face-to-face talks or a signing ceremony between Trump and Chinese President Xi Jinping.
With less than a week to go before the deadline amid “intense” negotiations, Kudlow said Trump would make the final decision on the tariffs, which would hit Chinese-made cellphones, laptop computers, toys and clothing.
“We’ll have to see, but right now we’re moving along,” Trump said last week. “On Dec. 15 , something could happen, but we are not discussing that yet. We are having very good discussions with China, however.”
These were the details of the news China says hopes it can reach trade agreement with US as soon as possible for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
