China announced the completion of trade negotiations with the United States

Negotiations between China and the United States on trade contradictions, which continued in Beijing from Monday, ended, Chinese Foreign Ministry spokesman Lu Kang said at a briefing on Wednesday. 

“I can confirm that the US-China trade negotiations have ended, the official results of the negotiations will be announced soon,” the diplomat said. 

Answering the question of whether the Chinese side can characterize the negotiations as successful, the diplomat noted that “positive results are favorable not only for China and the United States, but it will also be good news for the world economy.” 

Bilateral negotiations between China and the United States on trade and economic issues started on Monday, they were scheduled for January 7-8, however, as noted by a number of media with reference to US officials, they continued on January 9. Earlier on Tuesday, US President Donald Trump wrote on Twitter that negotiations with China “are going very well”. 

The talks took place after the US and Chinese leaders agreed on a “truce” in the trade war on the sidelines of the G20 summit in Argentina in early December. 

Chinese President XI Jinping promised to correct the situation with the trade imbalance and begin to buy significant amounts of agricultural and other goods from the United States. 

American President Donald Trump agreed on January 1 not to raise the duty on goods from China with a volume of imports of $ 200 billion a year from 10% to 25% if the parties manage to agree on a certain range of issues within 90 days.

Tom Tompson

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