China gave details on the principle of trade agreement with the United States

The statement said that negotiations held between Thursday and Friday in Washington, the parties "held sincere, effective and constructive talks on economic and trade issues that affect them both".

"The two sides also discussed the procedure for future negotiations and agreed to work together to finally reach an agreement."he added.

Yesterday, US President Donald Trump announced that he had reached an agreement with China to put in place a truce in the trade war in which the two superpowers were involved, which would lead to a recession for the global economy.

"We have reached an important first phase agreement, but it is not written yet"He said after a meeting with Chinese Vice Premier Liu He.

Trump added that the agreement could be formally sealed next November in Chile at the Asia-Pacific Economic Cooperation (APEC) summit.

Shortly after the announcement of this announcement, US Treasury Secretary Steven Mnuchin announced that US authorities have decided to suspend the implementation of a plan to increase tariffs on imports from China from 25 to 30%, for an amount of 250 000 million dollars.

This increase was to be applied from next Tuesday but will have no effect of the agreement announced now.

The terms of the principle of agreement have not been circulated by any of the parties involved, although early reports indicate that it is an attempt to create a climate of harmony. comfort in which bargaining can take place, hoping to complete the negotiations before. New year's eve

In exchange for the suspension of the tariff increase, China could explore the possibility of increasing its purchases of agricultural products in the United States, while negotiations on intellectual property issues and the effects of the devaluation of yuan unfolds. .