China confident in outcome of trade negotiations with US
The Chinese Foreign Ministry affirmed that the China-US trade negotiation team is speeding up consultations to reach an agreement soon.
Yesterday (December 5), at the regular press conference of the Chinese Ministry of Commerce, spokesman Gao Feng said that the China-US trade negotiations are going well, and in the next 90 days, the two countries' negotiating teams will continue to promote exchanges and consultations according to the established roadmap and timetable.
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| Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference. Photo: Reuters. |
It is known that at the bilateral meeting between Chinese President Xi Jinping and US President Donald Trump on the sidelines of the recent G20 Summit (December 1), the two sides reached a "ceasefire" agreement on the trade war between the two countries.
Accordingly, in the next 90 days, the two sides' negotiating teams will step up exchanges to reach a common agreement. However, if a common agreement is not reached, the US will continue to increase the tax rate from 10% to 25% on 200 billion USD worth of Chinese goods according to the previously announced roadmap./.
