China agrees tariff reduction agreement on US automobiles – 12/11/2018 – Market



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China agreed to reduce tariffs on cars imported from the United States to 15% during a telephone conversation with US government officials aimed at trying to resolve the trade dispute by boiling between the two major economic powers of the planet, said one of them.

Chinese Deputy Prime Minister Liu He briefed Treasury Secretary Steven Mnuchin and US Secretary of State Robert Lighthizer on the decision taken last Monday in a phone call. (19659002) The choice revived trade negotiations between the two countries. It was unclear when the change would come into effect, but Washington is pressuring Beijing to obtain concessions as soon as possible.

China has raised tariffs on US automobiles as part of the US retaliatory campaign several months ago. Leaders of both countries, President Trump and President Xi Jinping, met at a recent multilateral conference in Buenos Aires and reached an agreement on a 90-day truce to negotiate trade frictions.

Senior officials discussed purchases of Chinese agricultural products and changes in key Chinese economic policies during the telephone conversation, said other people who did not provide additional details.

As part of truce, Trump and Xi Chinese authorities are also studying changes to the Made in China 2025 plan, a state-led industrial policy aimed at allowing Chinese companies to dominate sectors such as intelligence artificial and robotics, said people about it. ] The policy is one of the central points of the US complaints that P Equim promotes unfair trade practices that disadvantage foreign companies over Chinese companies.

The Chinese Ministry of Commerce announced in a brief statement that the conversation – held Monday night in the United States and Tuesday morning in China – was "to take the next step in time". "Liu plans to travel to Washington after the New Year, told people about it."

Tuesday morning, President Trump tweeted that "very productive talks" were taking place with China. "They can look forward to important announcements."

Trump's aides said the president sometimes reacted positively to talks with China to try to boost the stock market. New York will open in strength

Translation by PAULO MIGLIACCI

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