US-China trade agreement may be in the next four weeks: Trump - Facty : news ndtv,abp hindi news,today news tamil,today news paper,india tv,hindi news bihar

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Sunday, April 7, 2019

US-China trade agreement may be in the next four weeks: Trump



There is some good news regarding the trade deadlock between China and the US. US President Donald Trump has said that the two countries can reach an agreement within the next four weeks. China's President Xi Jinping also said that both sides have made significant progress.
US President Donald Trump said on Friday that the trade agreement with China is now very close and a very special announcement can be made in the next four weeks. China's President Xi Jinping also said that both sides have made significant progress.

Trump also said that the summit with Jinping can happen only when the two countries agree on a deal. The top officials of the two countries are talking to Washington about approaching a deal. Earlier, the officials of both countries met in Beijing.

According to the news agency PTI, Trump told reporters in the White House after meeting with Chinese Deputy Prime Minister Liu, "The agreement is going to come out soon." We will probably be aware of this in the next four weeks. It may take two more weeks after that, but I really think that in a short time we will know. ' Liu Hee, while reading the message of Jinping, said that there has been significant progress in the trade deals between the two countries. In this message, Jinping said, "There has been significant progress in reaching the consensus on trade and economic relations between the two countries in the last month.

It is worth noting that the US had increased the import tariff by 25 percent on import of China's $ 250 billion goods last year. In response, China also raised the fee on imports of US $ 110 billion worth of goods. Since then, the trade gap between the two countries had become a reality. After this, US President Donald Trump tweeted on February 24 that he is currently postponing the increase in import duty on hundreds of products imported from China. Although the US planned to increase the duty of Chinese products on March one. Trump has taken this decision due to significant progress in trade negotiations between the two countries held in Washington.

America is China's largest business partner. In the year 2017, the total trade with the US in China was 635.4 billion US dollars. In the US, exports from the US $ 129.9 billion and imports from China amounted to $ 505.5 billion.

While defending President Donald Trump's decision against China's alleged 'inappropriate' trade practice, the US President's Office had said a few days ago that the trade deficit with China is estimated to damage nearly 20 million jobs in the United States.

However, India is benefiting from trade stalemate between the United States and China. According to China's official newspaper Global Times, India's exports to China rose to $ 12.7 billion in just nine months of the financial year from April to December 2018, compared to $ 13.33 billion in the last full fiscal year 2017-18. Because of this, India's trade deficit with China has dropped to $ 40 billion.

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