China succumbed to US in trade war

UNITED STATES, WASHINGTON (OBSERVATORY) — Chinese authorities have invited senior US trade representatives to purchase a small amount of US agricultural products before a new round of negotiations, reported by Politico, citing sources.

It is noted that this proposal will be implemented if the US side eases export restrictions for Huawei. Another condition for implementing this idea, Beijing called the transfer of the introduction of US tariffs on goods worth $ 250 billion.

According to the interlocutors of the publication, depending on how negotiations will develop, the American leader Donald Trump may postpone the introduction of additional duties, scheduled for December 15, for the remaining Chinese goods, including laptops and smartphones.

On September 1, the United States and China imposed additional duties on imported goods as part of the trade war. Washington raised duties to 15 percent on Chinese goods by $ 125 billion. From December 15, duties will be imposed on goods from China for another 175 billion dollars.

Since September 1, Beijing has been taxing US $ 75 billion in five and ten percent duties. Starting December 15, China will return an additional 25 percent duty on cars and parts from the United States.

The United States and China have been waging a trade war for more than a year and a half. Since the end of 2018, Washington and Beijing have held several rounds of successful negotiations, and the parties even made several concessions.

However, in May, their relationship worsened again after regular negotiations on a trade deal failed, and the US president announced the introduction of new duties on Chinese goods. At the end of June, the leaders of the United States and China agreed on a ceasefire at the G20 summit, but soon relations between the two countries deteriorated again and they exchanged new threats.


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