News

US, China dealing with trade negotiations at the highest levels

Donald Trump

The US and China are dealing with the trade negotiations at the highest levels, President Donald Trump said, claiming that America’s steel industry has come “roaring back” following the last year’s tariff hikes.

The Trump administration imposed heavy tariffs on imported steel and aluminium items in March last year, a move that sparked fears of a global trade war.

Newsletter sign up

In the past, China, the world’s second largest economy after the US, imposed tit-for-tat tariffs on billions of dollars worth of American imports. An agreement reached between the two countries on the margins of the G20 summit in Argentina in November deferred the imposition of further tariffs till March.

China has pledged to take measures to step-up American imports and investments to meet the US’ demand of bringing down the USD 375 billion bilateral trade deficit. March 1, 2019 is the deadline for implementing the measures.

Currently, top officials from the United States and China are involved in trade negotiations.

Read More

Are you enjoying the article? Join our community for even more!

 

Click Here

Related posts

FTC Requests Public Comment on an App from Praxiar

admin

As Trump demands major concessions, Beijing wants the world to think that the US will blink first

Camila Coutinho

Trump’s 25% China tariffs begin as trade talks between two nations continue

Camila Coutinho

Leave a Comment