USA-China: the truce of duties is signed
The deal comes after two years of trade war between the two countries
The United States and China signed the duties agreement. After almost two years of trade war between Washington and Beijing, the truce between the two countries is arrived between the American president Donald Trump and the Chinese vice premier Liu He (see AVIONEWS ) Following the pact, China will purchase US goods and services for a amount worth about $ 200 billion. The new US duties were therefore lifted at 15% of the 160 billion dollars of "Made in China" products. The duties remain at 25% on 250 billion dollars of Chinese imports, while tariffs on residual categories of articles will be reduced to 7.5%, for an estimated total of 120 billion dollars produced by Beijing that will be removed in one next phase. Trump has called Chinese President Xi Jinping a "great friend" and has made it known that he will travel to China soon. He speaks of the agreement as a "historic" agreement and an "important step forward" towards a better relationship between the two countries.
AVIONEWS - World Aeronautical Press Agency