US President Donald Trump during the White House press conference on June 26 said the United States and China signed a trade agreement.
It is reported by Financial Times.
We just signed yesterday with China, ”Trump said, without providing any details.
Subsequently, the US Minister Howard Lutnik in an interview with Bloomberg said that
The United States and China completed work on the trade agreement reached last month in Geneva.
The agreement with China, which, according to Lutnik, was signed two days ago, codifies the conditions set forth in trade negotiations between Beijing and Washington, including China’s obligations to provide rare earth elements used in everything from windbrees to the plane.
They are going to provide us with rare elements, ”and as soon as they do it,“ we will cancel our counter measures, ”said Lutnik.
Lutnik said that President Donald Trump is also ready to conclude a number of trade agreements over the next two weeks from the fact that on July 9 the deadline established by the President of the United States to restore enlarged tariffs that he suspended in April.
We will complete the 10 largest agreements, go to them in the desired category, and then join them, ”the minister emphasized.
Lutnik did not indicate which countries will enter the first wave of a trading contract, although Trump previously suggested that the United States is approaching an agreement with India.
The team of Indian trading officials, led by the main negotiator of the Raja Agagar, plans to meet with officials in Washington for two days this week.
Negotiations in Washington are also planned by the trade representative of Japan Rosie Akadzava. Before leaving the seventh round of trade negotiations with American colleagues, he told reporters that Japan cannot agree with 25 percent tariffs in the United States for a car.
Source: Financial Times, Bloomberg
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Source: Racurs
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