China and the United States reached consensus on economic and trade issues and decided to stop raising tariffs and other trade restrictions


On the evening of December 1, local time, Chinese President xi jinping and US President Donald trump held a meeting in Buenos Aires, Argentina.After the meeting, relevant leaders of the Chinese economic and trade team told reporters that the two heads of state discussed china-us economic and trade issues and reached consensus.

 The two heads of state made positive comments on the recent positive and effective consultations between the economic and trade teams of the two countries.The two sides believe that sound and stable china-us economic and trade relations serve the common interests of the two countries and the world at large.

 The two sides decided to stop trade restrictions such as escalating tariffs, including not raising existing tariffs on each other and not introducing new tariffs on other goods.

 The two sides agreed to immediately address each other’s concerns in the spirit of mutual respect, equality and mutual benefit.China will take further measures to deepen reform and open wider to the outside world as required by the 19th CPC national congress.In the process, some economic and trade issues of concern to the us will be resolved.At the same time, the United States will actively resolve economic and trade issues of concern to China.

 The two heads of state instructed the economic and trade teams of the two sides to step up consultation and reach an agreement to cancel the tariffs imposed since this year, so as to push bilateral economic and trade relations back to the normal track as soon as possible and achieve win-win results.

Post time: Dec-03-2018
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