/ world as we speak information/ The USA and China have handed the ultimate stage of consultations on commerce points, with the phrases of the deal pointing to Beijing lowering various tariffs on American merchandise in trade for a possibility to carry a lot of the sanctions imposed on Washington, experiences The Wall Road Journal.
“Regardless of remaining obstacles, negotiations have progressed to the purpose {that a} formal settlement might be reached at a gathering between President Donald Trump and Chinese language President Xi Jinping on the finish of March,” the paper mentioned, citing a supply acquainted with the plans.
The newspaper notes that Beijing is presently proposing to scale back tariffs on US merchandise, notably within the fields of agriculture, chemical substances and the auto business, and Washington, for its half, is “contemplating lifting most, if not all, of the sanctions imposed final yr on the products from China”.
The seventh spherical of China-US high-level consultations on commerce points was held in Washington from February 21 to 24. Based on the media, the events did not agree on various points. After the negotiations, on February 25, President Trump postponed a deliberate March 1 enhance in tariffs on Chinese language items.
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Translation: V.Sergeev
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