The United States will not impose new duties on goods imported from China, Donald Trump said at the G20 in Osaka, on the sidelines of the meeting with Xi Jinping.
"For the near future we will not impose any other duties on China. We will work together with China. They will negotiate and start spending money in the US"The American tycoon told reporters.
Huawei
Huawei was added to the black list of the US Department of Commerce last May: "We have many companies in Silicon Valley, we will let them sell to Huawei, "said the US president, who seemed to anticipate a ban on exports to the Chinese company".
According to the official Chinese news agency, "Xinhua", the two heads of state have agreed to relaunch trade talks, and to hold further discussions on "specific" issues. Today's meeting between Trump and Xi is the first for almost seven months now: the last one dates back to last December, at the G20 summit in Buenos Aires: on that occasion, Trump and Xi had agreed a truce in the trade conflict between the two major economies of the globe, in an attempt to reach an agreement to dampen hostilities.
Trump, described as "excellent" the high-profile meeting held yesterday with his Chinese counterpart Xi. After the meeting, the White House tenant declared that the trade negotiations between the two major economies of the globe have "returned to the right track": "With Chinese President Xi we had a very good meeting, I would say excellent", he said the US president.
Before the interview began, Trump said the United States is ready to sign a "historic" trade agreement with China. "Self we succeeded in reaching a fair trade agreement, it would be a historic achievement", Said Trump at the beginning of the meeting, from which a recomposition of the war of duties in place between the two major economies of the globe could depend. "We are completely ready," the US president added, responding to Xi that "cooperation and dialogue" are the best alternative to "confrontation".
Even in recent days, Washington and Beijing have sent signs of openness to dialogue. China and the United States must both compromise in trade negotiations. This was stated by the Chinese Deputy Minister of Commerce, Wang Shouwen, during a press conference that took place on June 26 in Beijing. "Negotiation teams are currently communicating and talks are still ongoing. Surely the two leaders will discuss important issues“Wang pointed out. The deputy minister recalled that during the phone call between the two leaders on 18 June, Xi remarked that the principles of Beijing are clear: the importance of working together, mutual respect and equality. "Mutual respect means that each party must respect the sovereignty of the other. The consultations must take place on an equal basis and the agreement to be reached must be beneficial to both parties, ”Wang said. The trade delegations from the United States and China resumed talks on June 19, in an attempt to smooth out the deep differences between the two countries, and prepare the ground for today's meeting between Presidents Trump and Xi.
Several US companies and organizations reiterated last week their opposition to further tightening of duties imposed by the administration of President Donald Trump on Chinese import goods, in the context of the ongoing trade conflict between the two largest economies on the planet . The opposition was expressed by the economic subjects on the first day of hearings in the Office of the representative of the US Trade, on the plan that would extend the 25 percent duties to other 300 billion dollars of goods imported from China.