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U.S.-China trade talks end with agreement on how to resolve dispute : NPR

U.S.-China trade talks end with agreement on how to resolve dispute : NPR

The photo released by the Xinhua news agency, Chinese Vice Premier Hey Lifeng (Wright) on Monday joined hands with American Treasury Secretary Scott Besant before his meeting to discuss China-US trade in London.

Lee Ying/Xinhua/AP


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Lee Ying/Xinhua/AP

London – America and China last month agreed in principle on a framework for a compromise to resolve their trade disputes, the Chinese state media said.

Conducted on Tuesday after the announcement Two days conversation in London,

The earlier agreement was shaken by a series of controversies in the coming weeks to make a phone call between President Trump and Chinese leader Xi Jinping last week to try to calm the water.

The official Xinhua news agency said Lee Chenggang, Vice President of Commerce and International Trade Representative of China, said that the two sides agreed on a framework to implement the consent between the two leaders and said in a conversation in May, Geneva, the Geneva News Agency said.

Further details, including plans for the next round of negotiations, were not immediately available.

China’s Commerce Minister Lee and Wang Wonto were part of the delegation led by Vice Premier Hey Lifeng. He met US Commerce Secretary Howard Lutnik, Treasury Secretary Scott Besant and 200 -year -old Haveli near Buckingham Palace, business representative Jamisson Greer at Lancaster House.

Lutynik said he arrived on Tuesday morning that the talks were “walking well,” and hoped he would continue throughout the day.

When asked late Monday night, how the talks were going on, Trump told reporters: “We are doing well with China. China is not easy.”

The two sides last month demanded to build a conversation in Geneva, which agreed on the 90-day suspension of most of the 100%-plus tariffs, which they were imposed on each other on each other, fearing a recession in a growing trade war.

Since Geneva talks, the US and China have exchanged anger on advanced semi -circulators that are important for Chinese students in American universities for Artificial Intelligence, Visa and Rare Earth minerals that are important for car manufacturers and other industries.

Trump spoke last week in an attempt to keep the relationship with Chinese leader Xi Jinping back on the track, then announced that business talks in London would begin again.

China, the world’s largest producer of rare Earth, has indicated that it may reduce the export restrictions placed on elements in April, threatening vehicle manufacturers worldwide who rely on them. Beijing, in turn, wants the US to restore Chinese access to the technology used to create advanced semiconductors.

Trump said he wanted to “open” the world’s leading manufacturer for American products.

“If we do not open China, we probably won’t do anything,” Trump said in the White House. “But we want to open China.”

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