The United States and China “will continue working” in favor of an extension of the commercial truce that has allowed to suspend a large part of the prohibitive customs surcharges that won each other, said the Chinese representative of the international trade on Tuesday, July 29, cited by the official news agency Xinhua.
Li Chenggang made these comments after a third cycle of negotiations but American that ended the same day in Stockholm and described as “frank, deep and constructive.”
The discussions pointed, among other things, to prolong the rest of the 90 days negotiated in May in Geneva and in operation until August 12, which had finished the reprisals on both sides of the Pacific that cause a prohibitive surcharge.
This had allowed to reduce customs tasks to American and Chinese products, with 125% and 145% respectively, to a more modest level of 10% and 30%, which are added to those that already exist, in a certain number of products, before the return of Donald Trump to the White House at the end of January.
“Nothing has yet decided”
The United States and China represented respectively by the Secretary of the Treasury, Scott Besent, and the Vice Primer Minister, Lifeng, have exchanged their views on the main economic and commercial questions, and intends to maintain nearby communication, said Li Chenggang, cited by Xinhua.
However, President Donald Trump will have “the last word” in a possible extension of the commercial rupture with Beijing, the US representative in the Jamieson Greer commerce said Tuesday after two days of negotiations with the Chinese in Stockholm.
The conversations in Sweden took place at the beginning of a decisive week for the commercial policy of President Donald Trump, the customs duties applied to most of the main commercial partners of the United States to learn about a sudden increase on August 1.
Source: BFM TV
