China Vows to Work With U.S. on First Phase of Trade Agreement Despite Tensions Between Two Countries

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On Friday, the Chinese authorities vowed to work with the U.S. on the primary part of its commerce settlement, regardless of latest tensions between the 2 nations.

“We will work with the United States to implement the phase one China-U.S. economic and trade agreement,” Chinese Premier Li Keqiang mentioned. “China will continue to boost economic and trade cooperation with other countries to deliver mutual benefits.”

Li made his remarks in the course of the third session of the 13th National People’s Congress (NPC), which was beforehand delayed for 2 months as a result of novel coronavirus pandemic, forcing the Asian nation into lockdown.

Throughout the previous two years, President Donald Trump’s administration has continued to position tariffs on roughly $360 billion value of Chinese items imported to the U.S., and China has responded by taking comparable actions. In an effort to ease the variety of tariffs, the 2 nations signed the primary part of its commerce pact on January 15.

After the commerce settlement was signed, Trump acknowledged that the United States’ “relationship with China is the best it’s ever been,” however that relationship has deteriorated over the previous few months, and tensions between the 2 nations have escalated in quite a lot of methods.

The novel coronavirus, which causes the respiratory illness COVID-19, originated in Wuhan, China and has continued to unfold the world over, particularly the U.S., which has remained the virus’ epicenter. Since the virus hit the U.S., Trump has remained regular together with his opinion that the outbreak might have been contained if the Chinese authorities was extra clear about it.

China Vows to Work With U.S. on First Phase of Trade Agreement Despite Tensions Between Two Countries
Former Hong Kong chief govt Tung Chee-hwa (L) applauds as Chinese Premier Li Keqiang returns to his seat after delivering his speech on the opening session of the National People’s Congress (NPC) on the Great Hall of the People in Beijing on May 22, 2020. Leo Ramirez/Getty

“I think they made a horrible mistake and they didn’t want to admit it. We wanted to go in. They didn’t want us there,” Trump mentioned throughout a Fox News digital city corridor. “This virus should not have spread all over the world. They should have put it out.”

The Chinese authorities has responded to Trump and Gao Zhikai, an interpreter for the late chief of the People’s Republic of China Deng Xiaoping, acknowledged that “Never since the normalization of relations in 1979 have China-U.S. relations been as dangerous and as confrontational as today.”

Despite the tensions between the 2 nations, the primary part of the commerce pact might assist to enhance the nations’ relationship because the settlement requires China to purchase $200 billion in further items from the U.S.

On Thursday, the Department of Agriculture and Office of the U.S. Trade Representative (USTR), introduced that the 2 nations had been making progress on their settlement.

In an announcement, USTR Robert Lighthizer mentioned the Asian nation “has worked with the United States to implement measures that will provide greater access for U.S. producers and exporters to China’s growing food and agricultural markets.”