Therefore,
China confirms trade agreement united:
China announced Friday to have confirmed the details of a trade agreement with the United. Moreover, States. Therefore, Few filtered on its content. Therefore, but the main lines are known: Beijing undertakes to soften barriers to the export of rare earths. For example, In return, Washington raises several restriction measures.
After talks in Geneva in May, Washington and Beijing decided to break their trade war. They had agreed to temporarily reduce the prohibitive customs duties they imposed on their respective products.
>> To reread: After two days of negotiations in Geneva. Beijing and Washington evoke “significant progress”
China was also committed to alleviating certain non -customs countermersions. But US officials then accused Beijing of violating the agreement. and in particular of dragging their feet to issue export licenses for rare earths.
An essential component – China confirms trade agreement united
Rare earths are metals used in a wide variety of products such china confirms trade agreement united as smartphones. turbines of wind turbines or electric vehicles. They are essential to the modern global economy.
In mid-June. Washington and Beijing were finally granted, during new discussions in London, on a “general framework” to smooth their commercial disputes.
“Signed. sealed”
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.
US President Donald Trump said during an event that Washington “had just signed” an agreement concerning trade with China.
Asked about Donald Trump’s brief statement. US Secretary to Trade Howard Lunick then referred to London Bloomberg TV negotiations, claiming that the framework agreement, which required approval at the highest level, had now been “signed and sealed”.
A priority objective
The top priority for the United States was to guarantee its access to rare land. China is in a china confirms trade agreement united quasi-monopoly position in this sector.
But Chinese flows towards foreign companies have slowed down since early April. when Beijing began to impose on national producers obtaining a permit to be able to export seven types of rare land.
The decision was largely perceived as a retaliatory measure in the face of American customs duties on Chinese goods.
AFP/AMI
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