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Trade war news.
kwok_39
Member Star
Posts: 129
Joined: May 2017
Male, MYS
02 Dec 2018, 11:40 AMPost #1

Trump will leave tariffs on $200 billion worth of Chinese imports at 10 percent at the beginning of the new year, agreeing to not raise them to 25 percent "at this time", the White House said in a statement.

"China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries," it said.

The two leaders also agreed to immediately start talks on structural changes with respect to forced technology transfers, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture, the White House said.

Both countries agreed they will try to have this "transaction" completed within the next 90 days, but if this does not happen then the 10 percent tariffs will be raised to 25 percent, it added.

Sources:https://finance.yahoo.com/news/trump-chinas-xi-end-high-000933750.html

 

 

 

 

 

 

LKmona
Member Star
Posts: 10
Joined: Dec 2018
Male, MYS
24 Dec 2018, 02:55 AMPost #2

I believe that Donald Trump needs to realize that he has made many friends angry with his previous actions and statements. China is an upcoming superpower. You need to have a steady diplomatic relations with them in order to maintain world peace.

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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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