The date of the signing of the trade agreement between the US and China has been postponed again

04.03.2019

Trade talks between the US and China are at the final stage, reports The Wall Street Journal, citing its own sources.

The Chinese side proposes to reduce the duties on American agricultural goods, automotive and chemical industry, in response, the US agreed to lift sanctions that were imposed on Chinese goods last year.

Finally, controversial issues have not yet been agreed, but the parties said the agreement could be signed on March 27, at the summit of the presidents of trump and Jinping.

Under the agreement, China promises as soon as possible to remove the restrictions on the share of foreign ownership in joint ventures to produce cars, to reduce duties on imported cars lower than 15%, and increase imports from the United States. In addition, China is considering the purchase from Cheniere Energy Inc. natural gas to 18 billion $.

Friday D. trump on Twitter urged China to remove tariffs on agricultural products with the United States and noted the progress of negotiations.

This information was supported by the agricultural markets of the USA and brought the stock quotes in the "green zone". Traders do not react on such messages, since nearly a year the parties shall attempt to agree on import duties on the goods, but the situation still remains unresolved. If China does not fix in the agreement the specific volume of purchases of agricultural products from the United States and will not cancel import duties on U.S. soybean prices will continue to fall.


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