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US and China manage to achieve partial trade arrangements

The agreement is tentative and may be amended when Trump and Vice Premier of the State Council of the PRC Liu He meet

Photo: REUTERS / Thomas White

The US and China were able to reach partial trade agreements that could put an end to the trade war between the two countries. This was reported by Bloomberg, citing sources.

According to him, these agreements include concessions in the purchase of agricultural products from China and some weakening of duties from the United States. They will form the basis for a broader agreement that US President Donald Trump and Chinese President Xi Jinping can sign later this year.

It is noted that the agreement is preliminary and can be changed when Trump and Vice Premier of the State Council of the PRC Liu He held a meeting.

According to Reuters, the agreements also include the conclusion of a currency agreement and a postponement of the increase in trade duties scheduled for October 15.

China and the United States have been intense negotiations for several months to eliminate trade contradictions.

Recall that, despite negotiations, the trade war between the United States and China continues. On September 1, the States and China introduced additional customs tariffs on each other's goods.

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