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lunes, 3 de diciembre de 2018

US - China: the four points of the trade agreement

Chinese President Xi Jinping and his US counterpart Donald Trump held a "highly successful meeting" here Saturday, reaching important consensus and agreeing not to impose new additional tariffs.

"It is my great honor to be working with President Xi," Trump said.

Experts said that the important meeting sends a positive signal in the development of China-US relations, one of the most important bilateral ties in the world.


La Tribune (Paris) 3 de diciembre de 2018.

90 days
Washington waives the 10% -25% tariff increase on customs duties on $ 200 billion of Chinese imports - half of the total - as of Jan. 1. But the White House has said that this decision was only suspended, specifically for a period of 90 days. If the two countries fail to agree on "structural changes" in their trade relations, especially with regard to "forced" transfers of technology and intellectual property, "tariffs of 10% will be increased to 25%, "warned in a statement the US presidency.

"Buy American"
Washington also indicates that Beijing is committed to buying a "not yet defined, but very substantial" amount of US goods, to reduce the huge trade imbalance between the two countries. In particular, China has promised to start "immediately" to buy agricultural products.

fusion
Chinese President Xi Jinping said he was "open" to give the green light to a giant merger in semiconductors, hitherto blocked, if it were to be submitted to him again. This is the expected acquisition of Dutch NXP by the American Qualcomm. The $ 40 billion project was blocked by Chinese regulators, a veto interpreted as retaliation against the US tariff offensive.

Drug
According to the White House, Beijing has promised to tighten the crackdown on fentanyl trafficking to the United States, against the backdrop of an explosion of deaths related to this synthetic opiate. This drug produced in Asia is considered 30 to 50 times more powerful than heroin and 50 to 100 times more powerful than morphine. 28,000 Americans were killed in 2017 by fentanyl or equivalent drugs.



CNN's John King SHOCKED by: Trump said deal with China is "an incredible deal"
https://youtu.be/-GE_JYOhVXs








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