Phase Agreement Deutsch

Beijing wednesday at 5:30 p.m. German time, U.S. President Donald Trump, Chinese Vice Premier Liu He and a large delegation to the White House East Room countries will ease to sign a partial agreement on the China-U.S. trade dispute. Under the agreement, China will purchase at least $200 billion in additional U.S. goods and services over two years, including $32 billion in additional imports of U.S. agricultural products. The White House said 25 percent tariffs on $250 billion (225 billion euros) worth of Chinese goods would be maintained until both sides agree to a „phase two“ of a bilateral trade agreement. The conclusion of the agreement will serve the fundamental interests of both countries and the world and will have a „positive effect“ on world trade, the global economy, investment and the financial market, Wang said.

BEIJING, December 13 (Xinhua) — China and the United States have agreed on the text of a first phase economic and trade agreement based on the principle of equality and mutual respect. The United States and China will sign a „Phase One“ trade agreement at the White House on Wednesday. China`s Ministry of Finance on Thursday released the full text of the China-U.S. 5 Fortune Phase 1 Economic and Trade Agreement, with Trump preparing to sign a phase one „monster“ trade agreement with China (January 15, 2019), available on fortune.com/2020/01/15/trump-china-sign-phase-one-trade-deal/. This trade war, followed zealously by Donald Trump, has undeniably its imprint, but few expect this conflict to go away with him, or even on the basis of any first-phase agreement. Under the agreement, China will increase imports of U.S. goods and services by at least $200 billion (beyond 2017) and commit to implementing structural reforms to its economic and trading system in agriculture, currency and currencies, financial services, intellectual property and technology transfer. In return, the United States will partially lower or suspend tariffs imposed under Section 301 of the Trade Act 1974. In addition, The One Trade Deal includes a robust dispute resolution system.

The limited agreement provides for a pause in the trade war between the countries, with a withdrawal of some taxes and China saying it is ready to increase some U.S. imports, especially in the agricultural sector. „Both countries should respect the agreements and make efforts to properly implement the first phase agreement,“ he said, adding that the agreement would promote enhanced trade cooperation between the two countries. In general, the agreement is consistent with the main thrust of China`s cohesion and openness policy and the internal need to promote quality economic development. Both sides agreed that the United States would meet its commitments to end its additional tariffs on Chinese products in order to move from migration to reducing additional tariffs. Chinese Vice Premier Liu He is with U.S. President Donald Trump after the signing of China and the United States. Phase 1 Economic and Trade Agreement in the East House of the White House in Washington, U.S., January 15, 2020.

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