/ world as we speak information/ Beijing and Washington are within the remaining stage of consultations on commerce points and the ultimate settlement may very well be introduced on the finish of March, writes The Wall Road Journal.
The publication’s sources reported that Beijing is proposing to cut back tariffs and different restrictions on US agricultural and chemical merchandise, in addition to automotive merchandise. For its half, Washington has not dominated out lifting “most, if not all” commerce restrictions imposed on Chinese language items final yr.
The settlement between the events is “taking concrete form,” though there are nonetheless some factors of rivalry, the WSJ mentioned.
The settlement may very well be introduced at a gathering between US President Donald Trump and Chinese language President Xi Jinping, which is prone to happen on March 27.
The newspaper’s sources indicated that the Chinese language facet is able to pace up the removing of restrictions on overseas possession of automobile corporations, in addition to scale back tariffs on imported automobiles. Beijing additionally agrees to extend the quantity of products bought within the US.
The Chinese language authorities will proceed to barter the acquisition of pure fuel for 18 billion {dollars} via the Chinese language company Sinopec from the American firm Cheniere Power. Deliveries could start as early as 2023.
Final week, US President Donald Trump mentioned he had requested Chinese language authorities to “instantly” take away all tariffs on US agricultural merchandise. Earlier, the American chief introduced a call to postpone the rise in tariffs on Chinese language items.
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Translation: V.Sergeev
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