China welcomes America's decision to postpone the implementation of import duties until March 2, 2019

China welcomes the decision of the United States to postpone the date of introduction of additional import duties on Chinese goods on March 2, said official representative of the Ministry of Commerce of China Gao Feng. 

“The Chinese side welcomes this decision. At the same time, China’s decision to reduce imports went to American cars — also one of the measures to implement the consensus reached by the two sides,” Gao Feng said at a briefing. 

He also noted that both sides took steps on their own initiative, which was a positive signal for the success of the upcoming negotiations. 

“This is a very important condition for the successful promotion of consultations. The goal of both sides is a constructive solution to trade and economic disagreements,” the official representative of the Chinese trade Department added. 

In early December, on the sidelines of the G20 summit in Argentina, the leaders of the two countries agreed on a “truce” in the trade war. 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. 
Us President Donald trump agreed from January 1 not to raise from 10% to 25% duty on goods from China import volume of $200 billion per year, if the parties manage within 90 days to agree on a certain range of issues.

Tom Tompson
d3umka@yahoo.com

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