US and China make "substantial progress" to settle Beijing trade dispute

Partial trade agreement

Donal Trump announced on Oct. 11 that he had found a partial, but "very important" trade deal with China after meeting with Chinese chief negotiator Liu He, alongside US Treasury Secretary Steven Mnuchin and the US representative. at Commerce, Robert Lighthizer.

"China and the United States have made substantial progress in a number of areas, and have put in place an important base for a first trade agreement," said Liu He, who has the rank of deputy prime minister, when a conference Saturday in Nanchang, the capital of China's Jiangxi Province.

China "wants to work with the United States to solve the main concerns of all on the basis of equality and mutual respect," said Liu He, quoted by a social network, Taoran notes, belonging to the official journal the Daily Economic.

Beijing would buy more US agricultural products

In recent talks, China has agreed to substantially increase its agricultural purchases in the United States, while Donald Trump gave up the 25-30% tariff increase on 250 billion dollars of Chinese imports to the United States. United States, which was to start in mid-October.

However, this does not call into question, for the moment, the tariff increases already implemented or those planned for December in the context of the trade war between the two countries.