Parties “constructively discussed” the first part of the agreement
The heads of the delegations of the United States and China held a telephone conversation, during which discussed the first part of a commercial transaction between States.
Reportedly, the negotiations were held at the initiative of Washington. The white house in the discussion was represented by the Minister of Finance Steven Mnuchin, from the Chinese side, the talks led by Vice-Premier Liu he.
It is noted that the parties “constructively discussed” questions of the first part of the trade agreement between the US and China and reached agreement on further support of the close contact between the States.
Economic adviser to the White house, Larry Kudlow stated that the US and China close to agreement to end its 16-month trade war, but he provided no details about the timing of a possible transaction.
We will remind, the signing of the first part of the trade agreement between the US and China planned for November 13. However, this did not happen, because the summit of the Asia-Pacific economic cooperation, which was supposed to conclude the agreement was cancelled.
The Ministry of Commerce of China expressed readiness to discuss with US the possibility of a phased abolition of fees imposed during the months-long trade war. However, the US President Donald trump said that he did not agree to abolish tariffs on American goods to China.