USA flag on the background emblem of China in Beijing.
BEIJING, 5 Dec – China is confident that its U.S. trade agreements will be executed, said the Ministry of Commerce of China.
The leaders of the United States and China on the sidelines of the G20 summit have agreed on mutual steps to duties. Chinese President XI Jinping has promised to rectify the situation with the trade imbalance and start to purchase significant volumes of agricultural and other goods from the US. The US President Donald trump has agreed from January 1, to raise from 10 to 25% duty on goods from China import volume at $ 200 billion, if the parties will be able within 90 days to agree on a certain range of issues.
“The meeting was very successful, we have confidence that agreements will be fulfilled. Working groups of the two countries will, within 90 days, actively carry out consultations in accordance with the agreement and the road map” — said in a statement to the press.