China will initially suggest the restoration of the Trade Agreement (the first stage) signed in 2020 during the first state of US President Donald Trump in the context of resolving the issue of customs duties that the president returning to the White House began imposing on imports from China and other countries, according to the Wall Street newspaper. American Journal of unnamed sources.
The pillars of the agreement
According to a report by the Wall Street Journal, other parts of China’s plan will include a pledge not to reduce the value of the yuan, a display of more investments in the United States, and a commitment to reduce the exports of Fntanil (narcotic) sects.
Trump imposed the day before yesterday, Saturday, by 25% customs definitions on Mexican imports, most Canadian imports, and 10% on goods from China due to fentanel, a deadly opioid material and irregular migration.
The newspaper stated that although the White House imposed 10% customs tariffs on China, starting on Tuesday, none of the two sides shows in preparation for a full trade war. China, in particular, is in a weak economic state.
Chinese President Xi Jinping indicated his interest in engaging in negotiations with President Trump, who confirmed his openness to the dialogue by postponing most of the customs definitions he promised on Beijing.
The newspaper quoted the sources as saying that Beijing considered customs tariffs by 10% Trump’s means of pressure, but indicated that this step was not of the type of “maximum pressure” that the Chinese leadership may find unlikely.
The newspaper’s report added that Beijing plans to treat “Tek Talk” to a large extent as a “commercial issue”, which means that it will allow investors in the Chinese owner “byte Dance” to negotiate a deal with bidding providers interested in the United States.
It is not clear if Beijing is ready to give up controlling the Tik Talk algorithm – the secret form of the application to direct the content to users, which Beijing added to the export control list – within any deal, according to the newspaper.
Trump previously said he was in conversations with many people about the purchase of Tek Tok, including Microsoft, and would like to see competing offers on the application.
China condemned the imposition of customs definitions on its imports and rejected American accusations, but left the door open to talks with the United States that could avoid the exacerbation of the confrontation. On the other hand, Canada, the old ally of the United States, imposed a 25% reprisal tariffs at $ 155 billion (105.17 billion US dollars) of US commodities.
The first stage
The first phase of the Trump trade agreement with Beijing ended in 2020, a customs fee war that lasted for nearly two years at that time, and the deal from China requested the increase in US export purchases by $ 200 billion over two years, but Beijing failed to achieve goals with the spread “Kovid-19”.
Trump directed the American commercial representative to evaluate China’s performance under that commercial agreement, Reuters said last month.
On Friday, the Wall Street Journal of the Wall Street Journal condemned the fees in an article entitled “The Negative Trade War in History.”
Trump replied on Sunday by saying that “the Lobby (pressure group), the customs duties led by Wall Street Journal defending globalization, and always engaged, works hard to justify … contracts of fraud in America regarding trade, crime and toxic drugs.”
(Tagstotranslate) Economy (T) the American (T), USA