The President of the United States Donald trump and Chinese President XI Jinping met on the sidelines of the G20 summit in Argentina and came to the decision on the temporary postponement of the introduction of additional duties, which were to start on 1 January 2019.
About it reports a press-service of the White house.
It is now known that the decision was made in the course of long negotiations on the sidelines of the G20 summit in Argentina. Moreover, the parties have agreed to conclude a new trade agreement in the next three months.
“President trump has agreed not to raise since January 1 tariffs for products in the amount of $ 200 billion. from 10% to 25%. China agreed to buy is not yet installed, but quite a significant amount of agricultural products, energy, industrial and other products of the United States to reduce the trade imbalance”, – told the press service of the US administration.
In addition, the White house noted that the parties entered into a formal agreement by which pre new duties is postponed for 90 days, but if the parties fail to conclude a new agreement, the rates will increase from 10% to 25%”.
It should be noted that earlier the government of China accused the United States of shopping “balinge”. After all, the us forced other countries to adapt to the whims of the Administration of the tramp through the introduction of new trading fees.
However, Beijing also added that at any moment ready to sit down at the negotiating table regarding trade agreements, if they are based on mutual respect and equality”.
In addition to a trade war, the United States planned to deploy to the administration of a broad attack on China, accusing him of hostile activities against American companies, stealing intellectual property, cyber attack and interference in the elections.
However, the chief Advisor to the President of the United States Donald trump on Economics Lawrence Kudlow said that now the United States and China resumed trade negotiations at all levels.
However, it is worth noting that on Friday, November 30, in the evening died the 41st U.S. President George H. W. Bush.
George Bush senior passed away at the age of 94. The cause of death is currently not specified.
The American leader during the Second world war was a pilot, and after the oil magnate. In politics, he came in 1964 and was President of the United States from 1989 to 1993.
During his life he built a successful political career and went from Congressman to U.S. Ambassador to the UN from Chairman of the Republican party of Ambassador to China, CIA Director to Vice President in the Reagan administration.
Bush Sr. left 5 children, 17 grandchildren, eight great-grandchildren. Time and place of the funeral, the press service of the family promised to inform soon.
Recall, trump mourns a great loss.
As reported “Znayu” trump behind snorting with Putin? What secretly talk to the presidency.
Also “Znayu” wrote that trump explained why humiliated Putin at the G20.
Dave Zakarian has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Koz Post, Dave Zakarian worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella.