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China agrees to make key concessions to expand American imports China agrees to make key concessions to expand American imports

China agrees to make key concessions to expand American imports

Feb 02, 2019

China has agreed to make key concessions to expand American imports in agriculture, energy, manufacturing and services, the main demands of US President Donald Trump.

The Chinese media reported that during the two-day high-level talks in Washington, the two sides discussed trade balance, protection of intellectual property rights, non-tariff barriers, service sector, and agriculture.

The two sides also agreed to take effective measures to promote a more balanced development of bilateral trade. 

This comes after Trump, in a tweet, said that China must open its market to American manufacturing and agricultural goods if it hopes to strike a trade deal with the US. 

The talks in Washington were first face-to-face cabinet-level talks between the US and China since the two countries in December last year struck a three-month-long truce in their trade war. 

Should the talks fail, tariffs on 200 billion US dollars of Chinese imports are set to increase from 10 per cent to 25 per cent.

 

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