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                Your position:Home - News - Industry Update

                China-US dollar meeting reached consensus to stop adding new tariffs
                Release time:2019-03-06      Click:1610

                Oriental Huatai Wu Zhongyang

                 

                On the evening of December 1, local time, President Xi Jinping was invited to dinner and meet with President Trump in Buenos Aires. In a frank and friendly atmosphere, the two heads of state exchanged in-depth views on China-US relations and international issues of common concern and reached important consensus. The two sides agreed to expand cooperation on the basis of mutual benefit, manage differences on the basis of mutual respect, and jointly promote Sino-US relations based on coordination, cooperation and stability.

                Simply sorted out the framework agreement reached in the next US dollar:

                1. The US side agreed to suspend the tariff of 200 billion from 10% to 25% on January 1, 2019;

                2. The Chinese side agrees to immediately import very substantial agricultural products, energy, industrial products, etc. from the United States (the specific amount is to be agreed);

                3. The Chinese side agreed to re-approve the Qualcomm-NXP transaction;

                4. The Chinese side agrees to control the export of fentanyl to the United States with the highest penalty;

                5. The time limit for suspending tariff increases on January 1 is 90 days (as of March 1, 2019);

                6. The parties agreed to negotiate on technology transfer, intellectual property protection, non-tariff barriers, cyber invasion and theft, services and agriculture within 90 days; if not, tariffs increased from 10% to 25%. If you talk about it, how to end the trade war will continue to be concerned.


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