Now China will no longer be billed at 145% prices? America has finalized the agreement for the reduction of the “ trade deficit ” – America China Tariff American final deal Prices on Chinese products Donald Trump Xi Jinping NTC
The agreement was finalized between the United States and China to reduce the trade deficit. US Treasury Secretary Scott Besant said he had entered into an agreement with China after two-day meetings, which will help the United States reduce its trade deficit. However, he did not give much information on the agreement and did not even say how America’s trade deficit would be less.
US officials say that all additional information on the agreement will be shared on Monday and that US President Donald Trump is fully aware of the results of this dialogue. The talks were assisted by Chinese Deputy Prime Minister Hey Lifeng and two Chinese submininters.
1.2 dollars’ 1.2 trade deficit
The two parties, the United States, did not mention a plan aimed at reducing the 145% tariffs imposed on products imported by the United States from China and 125% prices on Chinese American products. The American authorities have described dialogue to two days as a “compromise” which would help reduce the trade deficit by 1.2 Billion of US dollars.
The US trade representative, Jaiurison Greir, said that the differences between the two parties were probably not as large as they were previously, so the two parties quickly reached consent.
The price rate of America on China
The meeting held in Geneva was a face-to-face meeting for the first time after taking Trump between the higher economic authorities in the United States and China. Trump imposed difficult rates for China several times during his mandate, including 20% in February and 34% in April, which almost blocked trade between the two countries.
Trump in a 80%price mood!
China already demanded to reduce prices in the conversation. Trump also said on Friday that 80% of prices on China would be “good”, which may be believed that Trump is in mood to reduce prices on Chinese products up to 80% or around. Now we will see that after all, what type of this case takes place in America and China.
