China confirmed today, Thursday, what the US President announced Donald Trump A commercial agreement was reached between the two countries, and she said that the two sides should adhere to it, and that Beijing always respects its pledges.
The agreement, which was reached after a phone call between Trump and the Chinese president provides Xi Jinping Last week, a very fragile truce in the trade war between the two largest economies in the world.
“China has always fulfilled its commitment and has achieved results … Now that there have been a consensus, the two sides have to adhere to,” Chinese Foreign Ministry spokesman Lynn Jian said at a periodic press conference.
For its part, the Chinese Ministry of Trade urged Washington to adhere to the rules of the World Trade Organization and joint work to enhance development.
The phone call between the two presidents ended a crisis that broke out just weeks after reaching an initial agreement in Geneva. Soon the call was followed by more conversations in London, which said Washington It has completed the Geneva Agreement to reduce mutual customs duties.
The Geneva Agreement had fallen due to the continuation China In imposing restrictions on mineral exports, prompting the Trump administration to respond by imposing restrictions on exports.
Trump’s comments
US President Donald Trump said yesterday evening that the trade agreement is between US China “has been concluded”, removes the restrictions that China imposes on its rare Earth’s exports and other important industrial components, and also allows Chinese students to join American universities.
Trump spoke on his “Truth Social” platform about the first details that came out of marathon talks held for two days in London US Secretary of Trade Howard Lootnick described it as “the terms” of an agreement that was reached last month in Geneva to reduce mutual customs duties, which reached overwhelming levels of three numbers.
“Our agreement was concluded with China, which is under the final approval of the President (Chinese) Xi (Jinping) and Mona,” Trump said on his social media.
He continued, “China will present in advance of full magnetic materials and any rare ground minerals, and likewise we will provide China with agreed upon, including Chinese students studying in our universities (something that has always been satisfactory to me!).”
“We will get total customs duties of 55%, and China will get 10%,” he added.
An official said in White House 55% represents a total Customs The mutual exchanging by Trump by 10% on the goods imported from almost all the United States partners, and by 20% punitive on all imports from China and Mexico andCanada After accusing the three countries of facilitating the flow of Fntanil to the United States, and finally by 25%, which is previous customs duties imposed by Trump during his first term on imports from China.