Trump provides an extension of the deadline for trade agreement in the views

ran The negotiations with China over a trade agreement, "extremely well," said U.S. President Donald Trump on Friday in Washington. He promised, his 1. To extend the March deadline for a conclusion of the negotiations. The negotiators of both sides to continue their talks next week in Washington.

There was still progress to be made in "very difficult" questions necessary, said the US trade representative Robert Lighthizer at a Meeting with China's President Xi Jinping in Beijing. "We still have work to do, but we are hopeful," he added.

Lighthizer and US Treasury Secretary Steven Mnuchin had previously spoken with the Chinese chief negotiator and Vice-head of the government, Liu He on the vertices for a trade agreement between the two largest economies in the world. Mnuchin, these two-day discussions took place on Thursday and Friday "productive."

China would have been to buy more

The US government has not informed, in the centre of the negotiations, structural problems, such as forced technology transfer, intellectual property rights, theft of data, services, agriculture "-tariff barriers to trade and currency issues". Had been discussed that China buys more goods and services from the United States, in order to reduce the huge trade deficit.

Trump has threatened to increase punitive tariffs on Chinese Goods dramatically, if to 1. March if no agreement is reached. Customs duties in the amount of 200 billion dollars would then increase from ten to 25 per cent. However, Trump hinted that he might extend the deadline.

"There is the possibility that I'll extend the deadline," said Trump in Washington. "If I see that we are on the verge of an agreement or the agreement in the right direction, I would do that." The US President stressed that the customs duties of China "do not hurt very much". "You don't want to, and if we come to a Deal, it would be for me, to be honest, an honour, you pick", ekrlärte Trump.

The two largest economies in the world are stuck for a year in the Trade dispute, and have covered each other with massive punitive tariffs. Worldwide, this is fuelling Fears of a slump in the economy. Trump is, in particular, the US trade deficit with China is a thorn in the eye. He accused Beijing of unfair practices, including the theft of intellectual property.

Created: 15.02.2019, 20:52 PM