US President Donald Trump Calls For 2020 Presidential Election To Be Postponed
Donald Trump will postpone increasing duties for goods from KNRSSHA and China are preparing to conclude a truce with late September 2018 Washington approved decade-free duties on the import of Chinese goods “cost” about $ 200 billion. China in response announced the introduction of fees for $ 60 billion, bringing the total supplies to which restrictions apply to $ 360 billion (of which $ 250 billion comes to the goods from the PRC).
Chronicle of the US Trade War and China
At the same time, earlier in the White House declared readiness to raise rates on duties on the volume of imports of $ 200 billion to 25%, as well as to cover the remaining import volume. After several months of “hostilities” in December 2018 there was a breakthrough. Both countries in the negotiations agreed to suspend new trading rates. So, after a personal meeting of Donald Trump and Chairman of the People’s Republic of China, Jinpina at the Twenty, in early December, Dedine was postponed by March 2. By this time, the parties must agree on the list of concessions. Later, Mr. Trump said that this period could be slightly moved away if negotiations were productive.
In the report of the official news agency, China Xinhua has “significant progress” in such concrete issues as technology transfer, intellectual property protection and agriculture. The decision of Mr. Trmpa Sources of the Agency interpreted as a sign that “both parties have achieved progress in resolving their destructive trade war.”.