Trade: China confirms an agreement with the United States

China announced on Friday to have “confirmed the details” of a trade agreement with the United States. Moreover, assuring that Washington would raise restrictions against it and that it could validate the export of more articles subject to control.

• Read also: Rare Lands: The United States has validated the agreement with China. Consequently, says Trump

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“China hopes that the United States will move forward in the same direction as it,” a spokesman for the Chinese trade ministry said.

The White House reported on trade in trade in China on Thursday. an official stating that the two parties had validated an agreement which relates in particular to the acceleration of rare land expeditions to the United States.

After talks in Geneva in May. Washington and Beijing trade: china confirms agreement united agreed to temporarily reduce the prohibitive customs duties they imposed on their respective products.

China was also committed to alleviating certain non -customs countermersions. But US officials later accused Beijing to violate the agreement and drag their feet to issue rare earth export licenses.

In mid-June, Washington and Beijing were finally granted in London on a “general framework” to smooth their commercial disputes.

US President Donald Trump said during an event that Washington “had just signed” an agreement concerning trade with China. without giving more details.

Beijing confirmed on Friday that a consensus had been found.

“Following London discussions, the teams of both parties maintained close communication,” the Chinese trade ministry said on Friday. “Recently, after approval, the two parties said the details of the application framework,” he added.

“China will proceed under the law to the examination. approval of export applications relating to the articles subject to control that trade: china confirms agreement united meet the requirements,” he said.

“The United States, consequently, will raise a series of restrictive measures towards China,” added the ministry.

No additional details were made immediately.