Trump is confident that the Chinese authorities want to resolve the situation with the duties

© AP Photo / Pablo Martinez Monsivais, FileВстреча President of the USA of Donald trump and Chinese President XI Jinping at the G20 summit in Argentina. Archival photoTrump is confident that the Chinese authorities want to resolve the situation with the duties© AP Photo / Pablo Martinez Monsivais, File

The President of the United States Donald trump believes that the Chinese authorities are sincerely committed to the peace process «trade war» between the two countries.

The leaders of the United States and China on the sidelines of the G20 summit in Argentina agreed on the mutual steps to duties. Chinese President XI Jinping has promised to rectify the situation with the trade imbalance and start to purchase significant volumes of agricultural and other goods from the US. The US President Donald trump has agreed from January 1, to raise from 10 to 25% duty on goods from China import volume at $ 200 billion, if the parties will be able within 90 days to agree on a certain range of issues.

«Since returning home from Argentina they (the Chinese authorities – ed.) sent very strong signals. Don’t want to look naive or something like that, but I believe that the President of the si for our long historic meeting was serious that I thought,» wrote trump on Twitter.

A trade war between China and the United States began after July 6, 2018, entered into force mutual increased customs duties between these countries. USA imposed a duty of 25% on 818 import of goods from China total volume of supply in 34 billion dollars a year.

As a countermeasure, China on the same day, imposed a duty of 25% on import of equivalent amount of American goods. In late September, entered into force the new US tariff of 10% on goods from China import volume at $ 200 billion a year. China introduced in response to the fee at the rate of 10% and 5% on American imports with a volume of $ 60 billion.

Trump is confident that the Chinese authorities want to resolve the situation with the duties© Vitaly Policystore warning

Source