Date: a month ago   Category: Economy

China has suggested Trump to resume trade consultations


China has suggested Trump to resume trade consultations
The Chinese President Xi Jinping during the telephone conversation with the U.S. President Donald Trump which has taken place on Thursday has suggested Washington to intensify consultations on settlement of trade disputes. The China Central Television has reported about it.

"The delegations of our countries which are engaged in consideration of trade and economic questions have to intensify interaction for the sake of creation of the project, acceptable both for China, and for the USA", - the Chinese leader has noted. Xi Jinping has also expressed with

satisfaction on the fact that many American enterprises will participate in the 1st Chinese international exhibition of import goods which will take place on November 5-10 in Shanghai.

Negotiations of the USA and the People's Republic of China concerning trade have been suspended in the middle of September when the trip of the Chinese delegation to Washington in response to introduction by Trump's administration of increased taxes for import from China has been cancelled.

Since September 24 in the USA have come into force the customs duties of 10% for the goods imported from China which total cost is estimated at $200 billion. As promised in the White House, since January 1, 2019 the rate of taxation will grow to 25%. The People's Republic of China has answered with duties at the rate from 5% up to 10% for import from the USA for the sum of $60 billion Trump at the same time has expressed intention to start a new stage of realization of restrictive measures and if Beijing decides to take a reciprocal step, to enter additional tariffs in relation to the Chinese goods and services.

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